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US stocks pushed higher by oil, metal gains

New York - US stocks posted modest gains Tuesday amid a rise in commodity prices, continuing to push major indices to their highest levels in 13 months. Crude oil climbed 0.3 per cent and metals like gold and copper rose, spurring gains in many commo...
Posted : Tue, 17 Nov 2009 22:22:16 GMT
By : dpa
Category : US (Business)
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New York - US stocks posted modest gains Tuesday amid a rise in commodity prices, continuing to push major indices to their highest levels in 13 months. Crude oil climbed 0.3 per cent and metals like gold and copper rose, spurring gains in many commodities producers.

The gains overshadowed worse-than-expected government data on industrial production and a gloomy fourth-quarter outlook from retailer Home Depot.

The blue-chip Dow Jones Industrial Average gained 30.46 points, or 0.29 per cent, to 10,437.42. The broader Standard and Poor's 500 Index added 1.02 points, or 0.09 per cent, to 1,110.32. The technology-heavy Nasdaq Composite Index was up 5.93 points, or 0.27 per cent, to 2,203.78.

The dollar climbed against the euro to 67.24 euro cents from 66.78 euro cents on Monday and rose against the Japanese currency to 89.27 yen from 89.11 yen.

Copyright DPA

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