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Market Commentary
Nasdaq Stocks & NYSE Stocks Hitting 52 Week Highs
Date: 11/30/2011
Nasdaq Stocks
& NYSE Stocks Hitting 52 Week Highs.The S&P 500 posted its best daily percentage gain since August after the Federal Reserve, the European Central Bank and other major central banks stepped in to head off escalating funding pressures that threaten the key arteries of the world's financial system.The Dow Jones industrial average closed at 12,046. Up 490 points or 4.24%.
The NASDAQ composite index closed at 2620.3 404.83 points or 4.17%, Dow Jones utility index closed at 448.84 out 11.74 points or 2.69%, the Dow Jones transportation index closed at 4946.2 up 226 points or 4.79%, the NASDAQ 100 index closed at 2295.2 up 83.81 points or 3.79%, the Russell 2000 closed at 737.42 up 41.32 points or 5.94%, the S&P 500 closed at 1246.96 51.77 points or 4.33%.