US Stocks Advance in Early Trading Tuesday

Posted August 23rd, 2011 at 10:40 am (UTC-5)
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U.S. stock indexes moved sharply higher in early trading Tuesday.

The Dow Jones Industrial Average is up 1.3 percent, with the broader S & P 500 advancing 1.4 percent. The NASDAQ is ahead by 1.8 percent.

European stocks also advanced in afternoon trading.

London's Financial Times index is up two-tenths of one percent. The CAC 40 in Paris is up nine-tenths of a percent, and the DAX index in Frankfurt by one-half of a percent.

In Asia, Tokyo's Nikkei index gained nearly one and one-quarter percent to finish at 8,733. Hong Kong's Hang Seng index soared 2 percent to finish the day's trading at 19,876.

Gold is trading down $22.28 at $1,875.18 an ounce.

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