Business News - U.S. markets close ahead Monday

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U.S. markets close ahead Monday

NEW YORK (UPI) -- U.S. markets swung up and down Monday, closing the day on a positive note.

The Dow Jones industrial average was up 127 points early, fell back to break even, then closed out the day 76.71 points ahead.

The National Association of Realtors said pending home sales rose for the eighth consecutive month. The Institute of Supply Management said manufacturing activity rose for the third month in a row. Construction spending rose in September.

By close the DJIA regained some momentum, ending at 9,789.44, up 0.79 percent. The Standard & Poor's 500's gained 0.65 percent, up 6.69 points, to 1,042.88. The Nasdaq composite index added 4.09 points, or 0.2 percent, to 2,049.20.

On the New York Stock Exchange, 1,627 stocks advanced and 1,411 declined on a volume of 6.2 billion shares traded.

The benchmark 10-year U.S.Treasury lost 9/32 to yield 3.42 percent.

The euro rose to $1.4774 compared to Friday's $1.4717. Against the yen, the dollar rose to 90.27 yen from Friday's 90.02 yen.

In Japan, the Nikkei 225 index lost 2.31 percent, 231.79, to 9,802.95.

The FTSE 100 index in Britain added 59.95, 1.19 percent, to 5,104.50.

Copyright 2009 by United Press International

This news arrived on: 11/02/2009

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