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Market Update Analysis: 
U.S. Indexes Rise on Investors Enthusiasm
Author: 123jump.com Staff
123jump.com
Last Update: 6:37 PM EDT April 01 2008


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U.S. stocks surged across market capitalization and industry sectors on rising optimism and investor appetite for risk. Gold and oil fell. Lehman Brothers raised its convetible preferred share offering to 4 million shares.UBS reported $12 billion in first quarter losses and proposed to raise $15 billion. Nasdaq surged 3.7% followed by a gain of 3.6% in S&P 500 and 3.2% in Dow Jones. Brazil, Mexico and European markets surged as well.

 
Commodities, Metals, and Currencies

Crude oil decreased $0.82 to close at $100.76 a barrel for a front month contract, natural gas decreased 48 cent to $9.62 per mBtu, and gasoline futures increased 1.22 cents to close at 263.93 cents per gallon.
Gold decreased $33.70 in New York trading to close at $887.80 per ounce, silver closed down $2.43 cents to $16.89 per ounce, and copper for front month delivery decreased 2.45 cents to 380.65 per pound.

Wheat futures decreased 34.00 cents in Chicago trading and closed at $8.95 per bushel. Sugar decreased 25.00 cent to 11.44 cents per pound. Soybean future closed up 13.75 cents to $12.11 a bushel.

Dollar edged higher and traded near a record low against euro to $1.5614 and edged higher against yen to 101.84.

Bond Yields increased for 10-year U.S. bonds and closed at 3.56% and on 30-year bonds increased to close at 4.40%.
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