US stocks rally, headed to "positive"
2010-03-12 | 11:19:17 am
US stocks staged an 11th hour rally Thursday after the head of Citigroup, Vikram Pandit, said he was sure the major bank was on track for a sustainable recovery, lifting sentiment.
After opening mostly lower, the market headed into positive territory in the final hour of trade, pushing the Dow Jones Industrial Average up 44.51 points (0.44 percent) to finish at 10,611.84.
The Nasdaq composite rose 9.51 points (0.40 percent) to 2,368.46 while the broad-market Standard & Poor's 500 index climbed 4.63 points (0.40 percent) to 1,150.24.
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Source: Agence France Presse
Edited by: paulapanganiban@dwiz882.com