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US stocks extend rally on recovery hopes

Tue Aug 25 02:18:31 EST 2009
Mon Aug 24 16:18:31 UTC 2009

US stocks have maintained their uptrend .. extending a four-day winning streak that's pushed markets to 10-month highs .. amid hopes that the global economy has emerged from recession

The Dow Jones Industrial Average rose 38.01 points .. or 0.40 per cent .. to 9,543.97 in opening trades.

The tech-heavy Nasdaq composite climbed 5.70 points .. or 0.28 per cent .. to 2,026.60 .. while the broad-market Standard and Poor's 500 index advanced 5.00 points .. or 0.49 per cent .. to 1,031.13

Wall Street's current rally was attributed largely to growing evidence that the global economic recession is ending.

AAP RTV ash/psm/