U.S. stock indexes moved up Monday as the German
government came out in favour of the European Central Bank's bond
buying plan announced last week.
Stocks were also bolstered by better than expected corporate
earnings statements. Analysts said the stronger earnings have been
surprising because of prevailing low expectations due to the sluggish
economy.
The blue-chip Dow Jones Industrial Average moved up 21.34 points,
or 0.16 percent, to 13,117.51. The broader Standard & Poor's 500
Index added 3.24 points, or 0.23 percent, to 1,394.23. The
technology-heavy Nasdaq Composite Index climbed 22.01 points, or 0.74
percent, to 2,989.91.
The U.S. currency fell against the euro to 80.65 euro cents from
80.73 euro cents on Friday. The dollar sank against the Japanese
currency to 78.22 yen from 78.47 yen.
