In a separate report, the Commerce Department said business inventories rose 0.3% in February, in line with estimates.
Also, the New York Federal Reserve Bank said its Empire State Manufacturing Index rose to a reading of 3.8 in April from 1.9 in March. The index was expected to jump, however, to 10.0. Treasuries were higher for the day, as the 10-year note rose 8/32 in price, yielding 4.73%, and the 30-year bond added 20/32 to yield 4.89%. The dollar weakened against the world's major currencies. Overseas, markets were in positive territory. Tokyo's Nikkei surged 1.5% to 17,628, and Hong Kong's Hang Seng soared 2.1% to 20,758. London's FTSE was up 0.8% at 6516, and Frankfurt's DAX gained 1.8% at 7338. On Tuesday, earnings reporting will pick up, as results are expected from Intel (INTC Quote), Yahoo! (YHOO Quote), IBM (IBM Quote) and Johnson & Johnson (JNJ Quote), among others.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














