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US stocks gain on positive economic news
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DPA | 06 Apr, 2010
US stocks posted broad gains on Monday on the back of last week's positive unemployment report and other signs that the US economic recovery may be gathering steam.
US companies added 162,000 jobs in March, the best monthly gain in three years, the Labour Department reported Friday, as US stock exchanges were closed for the Good Friday holiday.
On Monday, an index of the services sector rose more than expected and improved home sales figures surprised economists. Commodity producers gained as oil and copper prices rose.
US technology gains were led by Apple Inc, which reported that it sold 300,000 iPads during its much-anticipated launch on Saturday.
The blue-chip Dow Jones Industrial Average rose 46.48 points, or 0.43 per cent, to 10,973.55, an 18-month high. The broader Standard and Poor's 500 Index was up 9.34 points, or 0.79 per cent, to 1,187.44. The technology-heavy Nasdaq Composite Index was up 26.95 points, or 1.12 per cent, to 2,429.53.
The US currency rose against the euro to 74.15 euro cents from 73.60 euro cents on Thursday. The dollar climbed against the Japanese currency to 94.39 yen from 93.82 yen.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
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102.90 |
Euro
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92.50
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89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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