The Joplin Globe, Joplin, MO

Business

June 4, 2012

US stocks open higher as calm returns to market

NEW YORK — U.S. stocks are opening higher as calm returns to global markets after a spasm of fearful selling last week.

The Dow Jones industrial average rose modestly in early trading Monday, starting from its lowest opening value since December.

Bond investors appeared less concerned about the finances of some troubled European countries. Bond yields fell for Italy and Spain, meaning that they appear less likely to default.

Stocks in Europe were mixed. Asian shares had closed sharply lower, extending a selloff from Friday caused by a surprisingly grim report on U.S. job creation in May.

The Dow is up 23 points at 12,141. The Standard & Poor’s 500 index is up 4 at 1,282. The Nasdaq composite index is up 22 at 2,769.

 

1
Text Only
Business
Poll

Do you think Missouri should pass legislation that would allow a prescription drug database to be kept?

A. Yes.
B. No.
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Obama Offers Condolences at Dutch Embassy Cat Fans Lap Up Feline Film Festival Raw: Lawmakers Scuffle in Ukraine's Parliament The Rock Finds His Inner 'Hercules' Michigan Plant's Goal: Flower and Die Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Hits Gaza Targets, Destroys Mosques ShowBiz Minute: Hoffman, Oberst, Box Office WWII Vet Gets Medals, 70 Years Late Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran