Arab Today, arab today us market rally friday morning
Last Updated : GMT 05:53:48
Arab Today, arab today
Arab Today, arab today

US market rally Friday morning

Arab Today, arab today

Arab Today, arab today US market rally Friday morning

New York - UPI

U.S. stocks headed higher Friday morning as optimism over the U.S. Federal Reserve\'s bond-buying program spilled over into a second day. The Fed announced a third round of bond purchases Thursday, saying it would keep interest rates low and make borrowing more available. On Friday, the Bureau of Labor Statistics said U.S. consumer prices rose 1.7 percent on an annual basis in August with the Consumer Price Index 0.6 percent higher than July. Although the seasonally adjusted increase for all consumer items was the largest monthly gain since June 2009, about 80 percent of the increase was on account of gasoline, which rose 9 percent, the bureau said. In midmorning trading on Wall Street, the Dow Jones industrial average gained 88.33 points, or 0.65 percent, to 13,628.19. The tech-heavy Nasdaq Composite index added 33.08 points, or 1.05 percent, to 3,188.91. The Standard and Poor\'s 500 added 11.32 points, or 0.78 percent, to 1,471.31. The benchmark 10-year treasury fell 1 14/32 to yield 1.887 percent. The euro rose to $1.3144 from Thursday\'s $1.2988. The U.S. dollar rose to 78.24 yen from 77.49 yen. In Tokyo, the Nikkei 255 index added 1.83 percent, 164.24 points, to 9,159.39.

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