Energy stocks led indexes higher Monday, the first day of trading since the growing unrest in Egypt caused the largest one-day drop in the broad stock market in more than three months. Bond prices fell slightly, sending their yields higher. The yield on the benchmark 10-year Treasury note rose to 3.38 percent from 3.33 percent late Friday. Bond prices rose Friday because investors sought less risky assets. Stronger economic data in the U.S. also helped push stocks higher. The Commerce Department reported that consumers increased their spending in December by more than analysts had predicted. Spending for all of 2010 rose by the largest amount in three years. Two stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.2 billion shares.
The Dow Jones industrial average gained 68 points, to close at 11,891. The broader Standard and Poor's 500 index rose 10 to 1,286. The Nasdaq composite index gained 13to 2,700.
Monday, January 31, 2011
Subscribe to:
Post Comments (Atom)
Hi Friends,
ReplyDeleteI want to know more thing about your site. Please provide us. Thanks...