Stock Prices rose aggressively in New York yesterday, bouncing back from four days of losses, as investors cheered Brazil's plan to stop defending its troubled currency.
The Dow Jones industrial average rose 219.62 to 9,340.55. The Nasdaq composite index rose 71.38 to 2,348.20.
Advancing issues outnumbered decliners by more than 2 to 1 on the New York Stock Exchange, where volume was moderate ahead of a three-day weekend. The market is closed on Monday for the Martin Luther King holiday.
NYSE volume totalled 792.6 million shares, against 793.6 million in the previous session. The NYSE composite index rose 12.32 to 593.39, and the American Stock Exchange composite index rose 11.13 to 709.29.
The Russell 2000 index of smaller companies rose 6.95 to 427.05.
