World market up but future is in doubt

WORLD stock markets rallied yesterday afternoon as President George W Bush moved towards victory in the US presidential election.

Thu, 04 Nov, 2004 - 00:00
Brian O'Mahony, Chief Business Correspondent

On Wall Street the Dow Jones was up 1.5% while the Nasdaq leapt 1.6% following news Senator John Kerry had conceded defeat.

How long the trend remains is a wide open debate.

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