US Stocks Climb
Source: Agencies |
March 19, 2011, Saturday
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Print Edition
Print Edition
US stocks were rising in early trading yesterday after the world's seven largest industrialized countries backed a plan to bring the Japanese yen down from post-war highs. Japan's currency has soared in value since last week's earthquake.
Libya, meanwhile, declared a cease-fire with rebel forces after the United Nations Security Council authorized military strikes against the country. That pushed oil prices down in early trading.
The Dow Jones industrial average rose 1.1 percent to 11,907 in morning trading. The S&P 500 gained 1.1 percent to 1,287. The Nasdaq composite was up 1 percent to 2,662. Each index will likely finish the week down more than 1 percent.
Libya, meanwhile, declared a cease-fire with rebel forces after the United Nations Security Council authorized military strikes against the country. That pushed oil prices down in early trading.
The Dow Jones industrial average rose 1.1 percent to 11,907 in morning trading. The S&P 500 gained 1.1 percent to 1,287. The Nasdaq composite was up 1 percent to 2,662. Each index will likely finish the week down more than 1 percent.
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