US STOCKS-Market rallies on Google, energy stocks

Fri Oct 17, 2008 1:48pm EDT
 
[-] Text [+]

(Updates to show stocks up 3 percent)

NEW YORK, Oct 17 (Reuters) - U.S. stocks surged in volatile trade on Friday after tech bellwether Google Inc (GOOG.O) posted reassuring results and energy stocks tracked the price of oil higher.

The S&P 500 briefly rose more than 4 percent. Traders cited bargain-hunting as contributing to the steep rise.

The Dow Jones industrial average .DJI was up 250.25 points, or 2.79 percent, at 9,229.51. The Standard & Poor's 500 Index .SPX was up 33.88 points, or 3.58 percent, at 980.31. The Nasdaq Composite Index .IXIC was up 58.22 points, or 3.39 percent, at 1,775.93.

(Reporting by Kristina Cooke; Editing by Kenneth Barry)

 

Companies In This Article

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better