Nikkei 225 Continues Fall as Most Global Markets Rebound Thursday

Mar 17, 2011, 10:37

In Tokyo, the Nikkei 225 index fell 1.44 percent, 131.05, to 8,962.67. Major markets globally though began to rebound, including in the United States. U.S. markets staged a comeback Thursday morning after three days of losses suffered in concert with the plight of Japan, devastated by Friday's earthquake.

Equities in Tokyo moved lower Thursday, but checked themselves with a gain of 5 percent Wednesday, indicating the economy in Japan could rebound despite many difficulties.

In midmorning trading on Wall Street, the Dow Jones industrial average added 1.39 percent or 161.47 points to 11,774.80. Before the earthquake struck, the DJIA was at 12,044. A week ago, the Dow index closed above 12,258.

The Standard & Poor's 500 index gained 1.64 percent Thursday, adding 20.60 points to 1,277.48. The Nasdaq composite index gained 1.51 percent or 39.48 points to 2,656.30.

The 10-year treasury note fell 2/32 to yield 3.28 percent.

The euro rose to $1.4005 from Wednesday's $1.389. Against the yen, the dollar fell to 78.632 yen from Wednesday's 79.85 yen.

Source: UPI