U.S. markets turn higher Tuesday morning

February 9, 2010 - 0 comments

New York -- U.S. markets swung higher Tuesday morning, turning around a three-week trend that has investors concerned a 10 percent downward correction is in play.

The Dow Jones industrial average closed under 10,000 points for the first time in three months Monday, three weeks after hitting a recent peak of 10,725.43 on Jan. 19.

In midmorning trading Tuesday, the DJIA added 1.27 percent, 126.14 points, to 10,034.53. The Standard & Poor's 500 rose 1.11 percent, 11.74 points, to 1,068.48. The Nasdaq composite index rose 0.96 percent, 21.51 points, to 2,147.56.

The benchmark 10-year U.S. Treasury bill fell 9/32 to yield 3.595 percent.

The euro rose to $1.3747 from Monday's $1.366. Against the yen, the dollar rose to 89.40 yen from Monday's 89.30 yen.

In Japan, the Nikkei 225 index lost 0.19 percent, 18.92 points, to 9,932.90.