Wednesday, March 14, 2012

US, European stocks get boost from Hewlett-Packard

Stock markets in Europe and the United States got a boost Tuesday from Hewlett-Packard Co. saying it is weathering the economic slowdown better than anticipated.

But the news was not enough to cheer Latin American investors concerned about how the region's commodity-heavy economies will do in a global recession, while Asian markets also closed lower overnight.

U.S. stocks staged a late-session rally that pushed the Dow Jones industrial average up 151.17 points, or 1.83 percent, to 8,424.75.

The FTSE 100 index of leading British shares closed up 76.39 points, or 1.9 percent, at 4,208.55, having flirted with falling below the 4,000 level earlier. It …

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