Mon, August 09, 2010
Business > Markets

US stocks inch higher as investors look to Fed

2010-08-09 16:03:16 GMT2010-08-10 00:03:16 (Beijing Time)

Stocks are rising slightly as investors avoid big bets before the Federal Reserve's meeting this week.

Investors are waiting Monday for the Fed's latest assessment of the economy that will be issued at the close of the central bank's meeting Tuesday. They also want to know if the Fed will restart some of its stimulus programs to help the recovery regain momentum.

Hewlett-Packard shares are falling after its CEO resigned over the weekend. McDonald's shares are up after it said sales rose worldwide in July.

The Dow Jones industrial average is up 44.05, or 0.4 percent, at 10,697.61. The Standard & Poor's 500 index is up 4.92, or 0.4 percent, at 1,126.56, and the Nasdaq composite index is up 12.54, or 0.6 percent, at 2,301.01.


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