October 5, 2009

U.S. markets edge higher

U.S. markets turned higher Monday 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 early afternoon trading Monday, the Dow Jones industrial average added 84.42 points, 0.89 percent, to 9,572.09. The Standard & Poor's 500 gained 1.18 percent, 12.08 points, to 1,037.29. The Nasdaq composite index rose 0.85 percent, 17.48 points, to 2,065.59.

The benchmark 10-year Treasury fell 2/32 to yield 3.224 percent.

The euro rose to $1.4663 compared to Friday's $1.4571. Against the yen, the dollar fell to 89.52 yen from Friday's 89.74 yen.

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

In London, the FTSE 100 added 35.63 points, 0.71 percent, to 5,024.33.