U.S. stock indexes post small gains Monday

NEW YORK, Feb. 11 (UPI) -- U.S. stock indexes rallied through the afternoon after an early fall Monday and ended with gains of about one-half of 1 percent.

Financial concerns led early declines, on word that the Word American International Group's lost $4.88 billion on credit derivatives in October and November, which sent its shares down 11 percent. The news didn't puncture other sectors, however.

The Dow Jones industrial average posted a rally of 57.88 points, up 0.46 percent to 12,240.01 points

Standard & Poor's 500 shares gained 7.80 points to 1,339.09 at the close, up 0.59 percent.

The tech-dominated Nasdaq composite gained 15.21 points on the day, up 0.66 percent to 2,320.06 points.

On Monday, 1,689 stocks were advanced and 1,423 declined at the New York Stock Exchange on a volume of 3.543 billion shares traded.

The 10-year note advanced 8/32 to yield 3.620 percent.

The dollar lost ground with the euro traded at $1.4515, compared with $1.4512 Friday and with the dollar traded at 106.92 yen, down from 107.34 yen Friday.

In Tokyo, the Nikkei average lost 189.91 points Monday to 13,017.24, off 1.4 percent.

In London, the FTSE 100 index lost 76.30 points to 5,707.70, off 1.32 percent.