Fines for tampering with electricity meter range between SR5000 and SR100000 New amendments made in Electricity Law    Saudi Arabia deports 8,051 illegal residents in a week    Saudi Arabia is among world's top donors with assistance worth SR528 billion    GCC – Japan negotiations make progress in sealing free trade agreement    Inzaghi hails Al Hilal's fearless Club World Cup run    UNRWA calls for urgent fuel delivery to Gaza to prevent shutdown of basic services    Syria rules out foreign borrowing as central bank hails post-Assad recovery    Pakistan army kills 30 militants in cross-border clash near Afghanistan    State of emergency declared in Crete after wildfire devastates Ierapetra    OPEC+ further accelerates oil output hike by 548,000 bpd in August    Football world mourns Diogo Jota and brother André Silva at funeral in Portugal    Al Hilal exit Club World Cup after narrow defeat to Fluminense    Saudi Arabia tops global ICT Development Index for 2025    Hotel occupancy in Saudi Arabia rises to 63% as tourism workforce tops 983,000 in Q1 2025    Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia    Portugal and Liverpool FC winger Diogo Jota dies in car accident in Spain    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Wall Street Closing
Published in Saudi Press Agency on 12 - 06 - 2009

Stocks ended modestly higher on Thursday due to some positive U.S. economic reports, but they fell from the day's highs that had pushed the Dow industrials up for the year.
Stocks have been rising since hitting bottom on March 9, with the Dow up more than 30 percent, the broader Standard & Poor's 500 up nearly 40 percent, and the technology-heavy Nasdaq up about 45 percent.
U.S. retail sales rose 0.5 percent in May, the government said. The report was in line with forecasts and showed an improvement from April, when sales fell 0.2 percent. Sales excluding autos rose a bigger-than-expected 0.5 percent.
U.S. jobless claims fell 24,000 to 601,000 last week, but the total number of Americans receiving jobless benefits rose to 6,816,000, the government said. Another report showed foreclosure filings fell 6 percent last month from April but still posted the third-worst month on record.
A Federal Reserve (Fed) report showed Americans saw $1.3 trillion in household wealth disappear in the first quarter of this year, as home values declined and the stock market plunged. Still, the rate of decline was slower than last year, in which $5.1 trillion in wealth disappeared in the fourth quarter.
Light sweet crude oil for July delivery rose 1.35 to $72.68 a barrel on the New York Mercantile Exchange, the highest close since October. The U.S. dollar fell versus the euro and the yen.
The Dow Jones industrial average rose 31.90, or 0.4 percent, to 8,770.92. Despite falling short of its 2008 finish, the index ended at its highest level since January 6. The S&P 500 rose 5.74, or 0.6 percent, to 944.89. The Nasdaq composite index rose 9.29, or 0.5 percent, to 1,862.37.
The New York Stock Exchange composite index rose 65.07 to 6,163.13. The American Stock Exchange composite index rose 28.97 to 1,643.34. And the Russell 2000 index rose 2.37 to 526.08.


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