Wall Street ends in the green

Wall Street ends in the green after encouraging consumer confidence data and a GDP report better than expected. For the week, the benchmark indices closed between 3 to 5 percent.

A jump in consumer sentiment and better than expected GDP report helped wall street end in positive territory. On a weekly basis, the Dow rose 2.7 percent, Nasdaq gained 4.9 percent and S&P 500 added 3.6 percent.  For S&P, it was the biggest three-month gain since 1933.

In the commodities universe, crude boils over 66 dollars, metals too shined. And in global markets too, crude rose above 66 dollars a barrel , capping its biggest monthly gain in a decade, as the dollar weakened against the Euro. Prices also gained as US and Asian indicators pointed to a global economic recovery.

The Dow Jones industrial average soared  96.53, or 1.2%, to 8,500.33. The Standard & Poor’s 500 index soared 12.31, or 1.4%, to 919.14, while the Nasdaq composite index was up 22.54, or 1.3%, to 1,774.33.