Tuesday, 18 November 2008

U.S. STOCKS - Dow jumps 2 pct as HP optimism lifts market

NEW YORK (Reuters) - U.S. stocks advanced on Tuesday, sending the Dow up more than 2 percent, as Hewlett-Packard's reassuring quarterly results and an upbeat profit outlook, helped investors put aside worries about signs pointing to a deepening global economic slump.

The bounce in energy shares provided the market with an added spur, in addition to gains in technology stocks.

The Dow Jones industrial average was up 167.66 points, or 2.03 percent, at 8,441.24. The Standard & Poor's 500 Index was up 12.03 points, or 1.41 percent, at 862.78. The Nasdaq Composite Index was up 10.18 points, or 0.69 percent, at 1,492.23.

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