October 5, 2009

U.S. markets open higher

U.S. markets turned higher Monday morning after closing lower in four of five trading sessions last week.

Investors were beset by a flurry of government reports last week, including a Friday report that said unemployment rose from 9.7 to 9.8 percent on the loss of 263,000 jobs in September.

In midmorning trading Monday, the Dow Jones industrial average added 42.62 points, 0.45 percent, to 9,530.29. The Standard & Poor's 500 gained 0.76 percent, 7.77 points, to 1,032.98. The Nasdaq composite index rose 0.79 percent, 16.25 points, to 2,064.36.

The benchmark 10-year Treasury rose 5/32 to yield 3.2 percent.

The euro rose to $1.4618 compared to Friday's $1.4571. Against the yen, the dollar fell to 89.62 yen from Friday's 89.74 yen.

In Tokyo, the Nikkei 225 average fell 0.59 percent, 57.38 points, to 9,674.49.