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.
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