US stocks close higher as Berlusconi intends to resign

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

After shifting session, US securities ended higher on Tuesday as Silvio Berlusconi offered to resign after vote on austerity measures.  S&P 500 Index added 1.2% reaching 1,275.92, Dow Jones Industrial Average gained 0.8% and climbed to 12,170.18, while Nasdaq Composite Index edged up 1.2% and closed at 2,727.49. Nevertheless, Stephen Wood, Russell Investments chief market strategist claims EU political environment to be rather uncertain.

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