US Stock Market Summary – February 11, 2011
US Stock Market Summary – February 11, 2011
US stocks posted strong gains on Friday after Egyptian President Hosni Mubarak announced he was stepping down in response to weeks of protests to his rule. All three major indexes gained more than 1 percent for the week, with the Dow and S&P 500 reaching their highest levels since June 2008.
The Dow Jones industrial average gained 44 points on the session, or 0.4 percent, to close at 12,273.26. The Standard & Poor's 500 edged up 7 points, 0.6 percent, while the tech-heavy Nasdaq composite added 19 points, or 0.7 percent.
Mubarak released control after weeks of sometimes violent protests, which cleared up a certain level of uncertainty over escalating tensions in the nation. Insiders say the announcement will remove some of the volatility in some stocks seen over the last couple of weeks.
US stocks posted strong gains on Friday after Egyptian President Hosni Mubarak announced he was stepping down in response to weeks of protests to his rule. All three major indexes gained more than 1 percent for the week, with the Dow and S&P 500 reaching their highest levels since June 2008.
The Dow Jones industrial average gained 44 points on the session, or 0.4 percent, to close at 12,273.26. The Standard & Poor's 500 edged up 7 points, 0.6 percent, while the tech-heavy Nasdaq composite added 19 points, or 0.7 percent.
Mubarak released control after weeks of sometimes violent protests, which cleared up a certain level of uncertainty over escalating tensions in the nation. Insiders say the announcement will remove some of the volatility in some stocks seen over the last couple of weeks.
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