Don’t miss the latest developments in business and finance.

Wall Street opens higher after credit outlook revised up

Image
Reuters NEW YORK
Last Updated : Jun 10 2013 | 7:25 PM IST

NEW YORK (Reuters) - U.S. stocks rose on Monday after rating agency Standard & Poor's revised its U.S. credit outlook higher and as last week's employment report eased investor jitters that the Federal Reserve could slow the pace of its stimulus efforts in the very near term.

The Dow Jones industrial average was up 27.30 points, or 0.18 percent, at 15,275.42. The Standard & Poor's 500 Index was up 3.09 points, or 0.19 percent, at 1,646.47. The Nasdaq Composite Index was up 3.45 points, or 0.10 percent, at 3,472.66.

(Reporting by Angela Moon; Editing by Nick Zieminski)

More From This Section

First Published: Jun 10 2013 | 7:09 PM IST

Next Story