Dhaka, Bangladesh (BBN) – U.S. stocks climbed to fresh two-year highs on Friday as investors were encouraged by a report of stronger-than-expected job growth for October this year.
However, Wall Street retreated from this two-year high on Monday, weighed down by financial stocks and a stronger dollar. Stocks advanced again on Wednesday as investors put the previous day’s uncertainty aside and snapped up some of the week’s biggest losers in renewed optimism that the rally remains intact.
Over the week, the Dow Jones Industrial Average (DJI) rose 141.91 points or 1.27 percent. The NASDAQ Composite Index (IXIC) gained 38.51 points or 1.52 percent over the same period, according to reports.
Japan’s Nikkei stock index rose to its highest since June on Thursday, adding to returns that have outstripped U.S. and European markets in November this year.
Shares of big exporters such as Toyota Motor Co and Canon Inc were among the biggest lifts to the index, with USD up nearly 2 JPY in November. Japan’s Nikkei 225 index advanced 502.68 points over the week.
Bombay Stock Exchange SENSEX Index (BSESN) index jumped to a life-time closing high of 21,004.96 points in a one-hour special Diwali holiday trading session last Friday, leaving it around 200 points shy of an all-time high.
BBN/SSR/AD-14Nov10-12:31 pm (BST)
