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NEW YORK:US stocks opened solidly higher Monday on expectations of continued economic stimulus measures by central banks.

Five minutes into trade, the Dow Jones Industrial Average rose 53.27 (0.38 percent) to 14,053.84.

The broad-based S&P 500 increased 7.74 (0.51 percent) to 1,523.34, while the tech-rich Nasdaq Composite Index jumped 20.09 (0.64 percent) to 3,181.90.

The increases followed comments Friday by St. Louis Federal Reserve President James Bullard that the US easy-money policy would continue.

On Monday, news surfaced that Japan's prime minister plans to appoint as central bank chief Haruhiko Kuroda, the president of the Asian Development Bank, who is viewed as favoring economic stimulus measures.

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln