Major U.S. stock indexes rose slightly Friday morning after a Thursday downturn that set the Dow Jones industrial average back 285 points.

The U.S. Commerce Department reported durable goods orders rose higher than expected in June, jumping 0.8 percent after economists predicted a fall of 0.4 percent.

In early Friday trading, the DJIA was up 11.97 points to 11,361.25, up 0.11 percent. The Nasdaq composite index rose 5.30 points to to 2,285.41, up 0.23 percent. The Standard and Poor's 500 rose 1.22 points to 1,253.76, up 0.1 percent.

The 10-year U.S. Treasury note dropped 12/32 to yield 4.048 percent.

The euro traded at $1.5684 Friday, compared to $1.5685 at close Thursday. Against the yen, the dollar was at 107.73 from 107.25 Thursday.

Tokyo's Nikkei 225 Index closed down 268.55 points to 13,334.76, off 1.97 percent.

Copyright 2008 by United Press International


Publication date: 25 July 2008   

Source: UPI-1-20080725-10044900-bc-us-markets.xml

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