US stocks pushed higher by oil, metal gains
November 18th, 2009 - 6:17 am ICT by IANS ( Leave a comment )New York, Nov 18 (DPA) 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 rose 0.3 percent 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 percent, to 10,437.42. The broader Standard and Poor’s 500 Index added 1.02 points, or 0.09 percent, to 1,110.32. The technology-heavy Nasdaq Composite Index was up 5.93 points, or 0.27 percent, to 2,203.78.
The dollar climbed against the euro to 67.24 euro cents from 66.78 euro cents Monday and rose against the Japanese currency to 89.27 yen from 89.11 yen.
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Tags: blue chip, commodities, commodity prices, copper, crude oil, dow jones, dow jones industrial, dow jones industrial average, fourth quarter, government data, home depot, japanese currency, major indices, metals, nasdaq composite index, producers, quarter outlook, s 500, stocks, yen
