US Stocks Advance in Early Monday Trading

Posted October 10th, 2011 at 10:15 am (UTC-5)
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U.S. stock indexes moved up in early trading Monday.

The Dow Jones Industrial Average, the S&P 500 index and the NASDAQ are all ahead by more than 2 percent.

European stock markets also advanced in afternoon trading.

London’s Financial Times 100 index and the CAC-40 in Paris are both ahead by more than 1.2 percent. The DAX in Frankfurt is up 1.6 percent.

In Asia, Tokyo markets were closed Monday for a national holiday .

Hong Kong’s Hang Seng index ended up slightly to finish at 17,711.

Gold was trading up $22.85 at $1,660.70 an ounce.

The U.S. dollar was trading down against both the yen and euro.