Wed, June 02, 2010
Business > Markets

US stocks rise in early trading; euro edges higher

2010-06-02 13:42:35 GMT2010-06-02 21:42:35 (Beijing Time)

Stocks are rising in early trading a day after major indexes plunged shortly before the close.

Stocks are getting a boost Wednesday as the euro holds above a four-year low it hit a day ago. The euro, which is used by 16 European countries, has heavily influenced trading over the past month. It is up to $1.2213.

Gains in the U.S. come even as overseas markets are struggling. Japan's market retreated after the country's prime minister resigned. European markets are falling as well.

The Dow Jones industrial average is up 32.65, or 0.3 percent, at 10,056.67. The Standard & Poor's 500 index is up 5.47, or 0.5 percent, at 1,076.18, while the Nasdaq composite index is up 11.04, or 0.5 percent, at 2,233.37.


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