Money Matters - Simplified

U.S. markets rise after sell-off




Wall Street investors are also reacting to Tuesday's sell-off. The Dow Jones industrial average lost 178.47 points, or 1.59 percent Tuesday.
The Standard & Poor's 500 lost 19.41 points, or 1.62 percent.

In midmorning trading Wednesday, the DJIA added 9.96 points, 0.09 percent, to 11,033.46. The S&P 500 gained 4.57 points, or 0.39 percent, to 1,182.91. The Nasdaq composite index tacked on 13.80 points, or 0.56 percent, to 2,483.64.
The benchmark 10-year Treasury note rose 7/32 to yield 2.816 percent.

The euro rose to $1.3539 from Tuesday's $1.3489. Against the yen, the dollar fell to 83.10 yen from Tuesday's 83.30 yen.
In Japan, the Nikkei 225 index rose 0.15 percent, 14.56, to 9,811.66.

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Copyright 2010 United Press International, Inc. (UPI).opened with thin gains Wednesday after the Department of Labor Statistics said consumer prices index rose 0.2 percent in October.

The index came in below the consensus forecast of a 0.3 percent rise. A month ago, the index rose 0.1 percent. Core prices, which exclude food and energy, were flat, the department said.

Wall Street investors are also reacting to Tuesday's sell-off. The Dow Jones industrial average lost 178.47 points, or 1.59 percent Tuesday. The Standard & Poor's 500 lost 19.41 points, or 1.62 percent.

In midmorning trading Wednesday, the DJIA added 9.96 points, 0.09 percent, to 11,033.46. The S&P 500 gained 4.57 points, or 0.39 percent, to 1,182.91. The Nasdaq composite index tacked on 13.80 points, or 0.56 percent, to 2,483.64.

The benchmark 10-year Treasury note rose 7/32 to yield 2.816 percent.
The euro rose to $1.3539 from Tuesday's $1.3489. Against the yen, the dollar fell to 83.10 yen from Tuesday's 83.30 yen.

In Japan, the Nikkei 225 index rose 0.15 percent, 14.56, to 9,811.66.

Copyright 2010 United Press International, Inc. (UPI).

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