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Dow, S&P 500 turn up on bargain hunting

The Dow and S&P 500 rose in volatile trade on Thursday as bargain hunting in the energy sector offset worries over a deepening recession.

  • Agencies
  • Published: 18:40 October 23, 2008
  • Gulf News

New York: The Dow and S&P 500 rose in volatile trade on Thursday as bargain hunting in the energy sector offset worries over a deepening recession.

The Dow Jones industrial average pushed up 74.23 points, or 0.87 per cent, at 8,593.44.

The Standard & Poor's 500 Index climbed 6.46 points, or 0.72 per cent, to 903.24.

The Nasdaq Composite Index was off 1.58 points, or 0.10 perc ent, to 1,614.17.

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