News Column

Markets Make Tentative Gains Early

Feb 12, 2013

U.S. stock indexes rose Tuesday morning after the Group of Seven nations issued a statement expressing opposition to currency manipulation.

Ahead of a Group of 20 meeting in Moscow, the G7 nations of the United States, France, Germany, Canada, Japan, Britain and Italy sought to allay fears of a currency war.

Twenty of 30 Dow Jones industrial average components rose early, led by Bank of America with shares up 1.69 percent. Home Depot Inc. shares rose 0.77 percent. American Express Co. shares rose 0.76 percent.

In midmorning trading, the Dow Jones industrial average added 27.03 points or 0.19 percent to 13,998.27. The Nasdaq composite index gained 0.26 points or 0.01 percent to 3,192.27. The Standard & Poor's 100 gained 1.63 points or 0.11 percent to finish at 1,518.64.

The 10-year treasury note fell 4/32 to yield 1.983 percent.

Against the dollar, the euro rose to $1.3439 from Monday's $1.3405. The dollar fell to 93.28 yen from 94.32 yen.

The Nikkei 225 index in Tokyo climbed 1.94 percent, 215.96 points, to 11,369.12.

Source: Copyright United Press International 2013

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