New York stock markets rallied Tuesday morning following upswings in Asia and Europe.
Stocks are riding a two-day upward correction after a week long slump. Investors were encouraged Monday when the Commerce Department said retail sales rose 1.1 percent August to September.
In midmorning trading Tuesday, the Dow Jones industrial average gained 116.06 points or 0.86 percent to 13,540.29. The Nasdaq composite index, added 20.99 points or 0.69 percent to 3,085.17. The Standard and Poor's 500 index added 11.54 points or 0.8 percent to 1,451.67.
The benchmark 10-year treasury note fell 17/32 to yield 1.72 percent.
The euro rose to $1.3028 from Monday's $1.2949. Against the yen, the dollar rose to 78.95 yen from 78.66 yen.
In Japan, the Nikkei 225 index added 1.44 percent, 123.38 points, to 8,701.31.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women
News-To-Go
Advertisement
Advertisement
News Column
Markets Hold Onto Rally Tuesday
Oct. 16, 2012
Advertisement
Source: Copyright United Press International 2012
Story Tools
