US Stocks Edge Modestly Higher

March 3rd, 2010  by Lawrence Grasso

Closing Data

  Current Change %
Dow Jones 10,405.98 2.19 0.0%
NASDAQ 2,280.79 7.22 0.3%
S P 500 1,118.31 2.6 0.2%
FTSE 100 5,484.06 78.12 1.4%
Nikkei 225 10,221.84 49.78 0.5%
ASX 200 4,718.90 17 0.4%
COMEX Gold - Dec 09 1,137.40 19.1 1.7%
COMEX Silver - Sep 09 17.064 0.595 3.6%
COMEX Copper - Sep 09 341.15 6.15 1.8%
WTI Spot 79.6 0.87 1.1%
AUD-USD 0.9039 0.0029 0.3%
Aluminium 2,101.00 50.5 2.5%
Copper 7,335.00 263 3.7%
Lead 2,151.50 13 0.6%
Nickel 21,370.00 875 4.3%
Tin 17,080.00 405 2.4%
Zinc 2,178.00 20.5 1.0%

U.S. stocks edged modestly higher Tuesday as enthusiasm for improvements in
manufacturing conditions lifted Boeing and Caterpillar, but technology stocks including Microsoft fell.

The Dow Jones Industrial Average rose 2.19 points, or 0.02%, to 10405.98. The Dow spent the bulk of the session in positive territory.

Australian stocks are set to open higher on Wednesday as takeover activity in the United States and the latest rate hike in Australia reflected confidence in the economic recovery. The resources sector should help underpin gains after copper, gold and oil prices rose. Top miner BHP Billiton is seen opening around 1 percent higher.


Investors will be looking for further reassurance about the rebounding economy when Australia releases fourth quarter GDP data at 0030 GMT. Markets expect a rise of 0.9 percent in real GDP in the fourth quarter from the previous quarter and a rise of 2.4 percent from the same quarter a year earlier.

Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.

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