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.

 

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