US stocks rise

US stocks rose sharply today, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which said it had lined up added financing.

US stocks rise
Thu, 13 Sep, 2007 - 23:28

US stocks rose sharply today, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which said it had lined up added financing.

The Dow Jones industrial average rose by more than 130 points on strong advances by General Motors Corp. and McDonald’s Corp., which hit an all-time high. Financial stocks such as Countrywide also jumped, while bond prices fell.

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CourtsBusinessHeathrowPlace: USPlace: DetroitPerson: Ron GettelfingerPerson: Charles NortonPerson: NortonOrganisation: Countrywide Financial Corp.Organisation: General Motors Corp.Organisation: McDonald’s Corp.Organisation: CountrywideOrganisation: Wall StreetOrganisation: United Auto WorkersOrganisation: GMOrganisation: CitigroupOrganisation: Ford Motor Co.Organisation: GNICapitalOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: Labor DepartmentOrganisation: Federal ReserveOrganisation: FedOrganisation: Bank of AmericaOrganisation: Bear Stearns & Cos.Organisation: Merrill LynchOrganisation: Goldman SachsOrganisation: Morgan StanleyOrganisation: Lehman BrothersOrganisation: FordOrganisation: McDonald’s
<p>In the first eight months of the year, 116,099 new cars were registered, a 3.4% increase, of which 20,656 were electric cars representing a 37% year-on-year increase. File picture</p>

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