Wall Street shares - Close sharply higher after NAPM survey-inspired rally

Share prices closed sharply higher, with the DJIA ending above 10,000 points and the Nasdaq composite finishing above 2,000 for the first time in months, after the NAPM's non-manufacturing index for the services industry indicated that the sector expanded last month, countering the overall recessionary trend, dealers said.

Wall Street shares - Close sharply higher after NAPM survey-inspired rally

Share prices closed sharply higher, with the DJIA ending above 10,000 points and the Nasdaq composite finishing above 2,000 for the first time in months, after the NAPM's non-manufacturing index for the services industry indicated that the sector expanded last month, countering the overall recessionary trend, dealers said.

The DJIA closed near its intraday highs, rising 220.45 points at 10,114.29. The DJIA last closed above 10,000 on Sept 5.

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