Markets mixed Friday morning

President Barack Obama is scheduled to announce the G20 nations had superseded the longer-standing Group of 8 on economic issues. But Peter Morici, a former chief economist with the U.S. International Trade Commission said the announcement is not Earth shattering. It "merely recognizes reality," he said.

In midmorning trading, the Dow Jones industrial gained 20.03 points, 0.21 percent, to 9,727.38. The Standard & Poor's 500 added 1.34 points, 0.13 percent, to 1,052.12. The Nasdaq composite index lost 0.18 percent, 3.76 points, to 2,103.85.

The benchmark 10-year Treasury rose 1/32 to yield 3.376 percent.

The euro rose to $1.4717 from Thursday's $1.4656. Against the yen, the dollar fell to 90.06 yen from Thursday's 91.22 yen.

In Japan, the Nikkei 225 index lost 278.24 points, 2.64 percent, to 10,265.98.

Copyright 2009 by United Press International.