Friday, November 11, 2005

Wall Street Market Report

(Close): US stocks ended the week on a positive note, although trading was light with the US government bond market closed for Veterans' Day.

The Dow Jones index closed up 45.9 points at 10,686, while the Nasdaq Composite rose 5.79 points to 2,202.47. The S&P 500 ended up 3.75 at 1,234.7.

Dell gained 19 cents to $29.40 despite the PC maker reporting a 28% drop in third-quarter profits late on Thursday.

General Motors rose 97 cents to $24.48 after workers agreed a healthcare deal.

GM said the deal should save it $1bn a year and reduce it's long-term healthcare liability by $15bn.

DaimlerChrysler shares climbed 57 cents to $50.17 after the carmaker said it had sold its remaining 12.4% stake in Mitsubishi Motors.

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