Arab Today, arab today us markets modestly higher
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

US markets modestly higher

Arab Today, arab today

Arab Today, arab today US markets modestly higher

New York - UPI

U.S. stock indexes rose modestly Monday morning as momentum from last week\'s upswing slowed, but not completely. U.S. Treasury Secretary Timothy Geithner was scheduled to meet Monday with German Finance Minister Wolfgang Schauble and European Central Bank President Mario Draghi. Last week\'s Thursday and Friday rally was prompted by remarks from Draghi and others that the ailing euro would be preserved. In midmorning trading on Wall Street, the Dow Jones industrial average, added 25.77 points or 0.2 percent to 13,101.43. The Standard and Poor\'s 500 index, gained 2.74 points or 0.2 percent to 1,388.71. Tech-heavy Nasdaq composite index gained 8.23 points or 0.28 percent to 2,966,32. The benchmark 10-year treasury note rose 5/32 to yield 1.534 percent. The euro fell to $1.2267 from Friday\'s $1.232. Against the yen, the dollar fell to 78.22 yen from 78.45 yen. In Tokyo, the Nikkei 225 index rose 0.8 percent, 68.80, to 8,635.44.

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