US Stocks Advance in Early Trading Thursday

Posted August 11th, 2011 at 9:55 am (UTC-5)
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U.S. stock market indexes advanced sharply in early trading Thursday, one day after a massive sell-off.

The Dow Jones Industrial Average and the broader S & P 500 are both up 1.2 percent. The NASDAQ is ahead by 1.7 percent.

Major European indexes also moved up.

London's Financial Times index and the DAX index in Frankfurt are both up eight-tenths of one percent. The CAC-40 in Paris is fractionally ahead after Wednesday's 5.5 percent plunge.

In Asia, Tokyo's Nikkei index dropped six-tenths of one percent to finish at 8,982.

Hong Kong's Hang Seng index lost 1 percent to finish the day's trading at 19,595.

Gold is trading down $30.35 at $1,762.93 an ounce.

The dollar is lower in trading against both the yen and euro.