Wall Street ends higher

Agencies Mumbai | Updated on January 28, 2011 Published on January 27, 2011

The S&P 500 closed at a 29-month high on Wednesday boosted by the gains in tech and commodity shares.

Markets did not react much to the US Federal Reserve announcement which said that high unemployment still justifies a $600-billion bond-buying programme that has helped equities rally in the last few months.

The Dow Jones industrial average was up 8.25 points or 0.07 per cent at 11,985.44. The Standard & Poor’s 500 Index rose 5.45 points or 0.42 per cent to 1,296.63. The Nasdaq Composite Index climbed 20.25 points or 0.74 per cent to 2,739.50.

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Published on January 27, 2011
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