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U.S. markets make up lost ground

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(UPI Photo Files) 
Published: Feb. 9, 2010 at 4:57 PM
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NEW YORK, Feb. 9 (UPI) -- U.S. markets swung higher Tuesday, recovering ground lost during a three-week trend that has investors concerned a 10 percent downward correction is in play.

The Dow Jones industrial average closed under 10,000 points for the first time in three months Monday, three weeks after hitting a recent peak of 10,725.43 on Jan. 19.

By close, the DJIA added 1.52 percent, 150.25 points, to 10,058.64. The Standard & Poor's 500 rose 1.3 percent, 13.78 points, to 1,070.52. The Nasdaq composite index rose 1.17 percent, 24.82 points, to 2,150.87.

On the New York Stock Exchange, 2,385 stocks advanced and 666 declined on a volume of 5.1 billion shares traded.

The benchmark 10-year U.S. Treasury bill fell 20/32 to yield 3.639 percent.

The euro rose to $1.3787 from Monday's $1.366. Against the yen, the dollar rose to 89.68 yen from Monday's 89.30 yen.

In Japan, the Nikkei 225 index lost 0.19 percent, 18.92 points, to 9,932.90.

In Britain, the FTSE 100 index gained 0.38 percent, 19.51, to 5,111.84.

© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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