Stocks headed into positive territory in New York Friday morning following losses in Asia and Europe and ahead of President Obama's scheduled remarks.
Investors are focused on Greece, where members of parliament will vote Sunday on an austerity budget that could make or break the international community's willingness to continue with bailout loans.
In Washington, President Barack Obama is scheduled to hold a press conference that is expected to stress bipartisanship to move the economy forward.
The Department of Labor Statistics said Friday import prices rose 0.5 percent in October after economists had predicted prices would remain unchanged.
In midmorning trading, the Dow Jones industrial average after opening lower added 19.08 points or 0.15 percent to 12,830.40.
The Nasdaq composite index gained 19.27 points or 0.67 percent to 2,914.85. The Standard and Poor's 500 index added 6.07 points or 0.44 percent to 1,383.58.
The benchmark 10-year treasury fell 5/32 to yield 1.637 percent.
The euro fell to $1.271 from Thursday's $1.2747. Against the yen, the dollar fell to 79.5 yen from 79.48 yen.
In Tokyo, the Nikkei 225 index lost 0.9 percent, 79.55 points, to 8,757.60.
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- SpaceX's Satellite Launch Is 'Game-Changer'
- Latin Music Conference Turns 25
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Newtown Massacre Heard on 911 Recordings
- Climate Change Early Warning System Urged
- Guardian Pressured to Stop NSA Stories: Editor
- New Home Sales Shoot up 25 Percent in October
- Reid Confident Congress to Pass Immigration Bill