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U.S. stocks eek out modest gains
NEW YORK | June 14, 2005 1:11:28 AM IST

U.S. stocks eeked out modest gains Monday on the back of soaring crude oil prices and declining dollar and U.S. bond values.

The Dow Jones industrial average rose 9.93, or 0.09 percent, to 10,522.56 on volume of 1.2 billion shares. The Nasdaq composite gained 5.96, or 0.29 percent, to 2,068.96, and the Standard & Poor's 500 increased 2.71, or 0.23 percent, to 1,200.82.

Crude oil rose 4 percent to $55.62 per barrel, yields on the 10-year note topped 4 percent and the dollar kept hammering away at the euro, good news for Europe-bound travelers from the United States.

The 10-year Treasury note fell 9/32 points or $2.81 per $1,000 invested to lift the yield to 4.090 percent.

The dollar climbed, hitting 109.53 yen from 107.30 as the euro fell to $1.2106 from $1.2224.

Tokyo's Nikkei 225 gained 7.28 or 0.1 percent to 11,311.51, and London's FTSE 100 closed at 5,050.80, rising 20.40 or 0.41 percent.

(UPI)

 
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