10 March 2009 16:15 [Source: ICIS news]
HOUSTON (ICIS news)--Share prices for many US chemical companies soared on Tuesday as investors rushed to snap up bargains after banking giant Citigroup said it was having its best quarter since 2007.
By 10:30 hours Houston time (15:30 GMT), the banking sector rally had led the Dow Jones Industrial Average up 272.40 points, or 4.2%, to 6819.45.
Georgia Gulf was the star performer among chemical issues, jumping 8 cents (€0.06), or 24%, to 42 cents. The stock had peaked at $8.16 in April 2008 before going into a freefall in the second half of last year.
($1 = €0.79)
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