Stock in the US had the best day in 4-weeks

Wed, 07 Jul 2010 22:10:00 +0200

Stock in the US had the best day in 4-weeks

FXstreet.com (Córdoba) – Stocks rose sharply in the US and accelerated the upside in the last hour of trade. The Dow Jones rose 2.80% and finished above 10,000. The Nasdaq gained 3.13%. The rise in stocks weakened the Yen that pulled back considerably across the board during the American session.

Commodities also rallied on Wednesday. Crude oil rose from levels below $71 a barrel to $74.50. Gold is headed toward the biggest daily gains in almost two weeks. The ounce rose back above $1,200 and reached $1,204.