Thebullishtrends: U.S Stocks closed with gains in the second consecutive dayon Thursday after the White House and House Leadership announced stimulate package announced stimula package for the economi relief plan,hopes for a rescue plan for bond insurers and reports stated that sharp drop in jobless calims encouraged investors to take a fresh look at stocks after their stake recent 20% correction. Labour Department reported first-time jobless calims fell last week for a fourth week, brought claims to their lower level since 4months.Shares of Nokia continued rally in the second day after the world's largest mobile phone maker reported a stronger than expected results as the company profits rose by 44% the share price of NOKIA rose by 12.50% and closed at 36.48. Despite of 62% rise in net profit reported by AT & T the share price fell 2.6% to 35.75.
DOW closed with a gain of 108.44(0.88%) and closed at 12,378.61 points. NASDAQ closed with a gain 44.51(1.92%) at 2,360.92 points and S&P closed with a gain of 13.47 (1.01%) at 1,352.07 points.
Micro Soft announced after the market hours stronger than expected proftis its fiscal second quarter profits jumped analyst's expctations and climbed 79 percent buoyed by rising its sales of Windows based personal computers. Micro Soft reported for the quarter ended Dec'31st it's profits increased to $ 4.71 billion or 50 cents per share from $ 2.63 billion or 26 cents per share in the same period of last year.
