Stock Prices Edge Higher in U.S.

Sep 13, 2011, 10:30 by R.E. Christian

Wall Street markets edged higher Tuesday morning after stocks rebounded in Europe with sovereign debt issues still making headlines.

German Chancellor Angela Merkel said she was optimistic that a solution could be found for Finland's demand that Greece put up collateral for its international bailout loans. In Italy, however, investor response to a bond issue was lukewarm, despite news that Rome has been in discussion with China concerning investments that would help support the euro.

On Wall Street, the Dow Jones industrial average gained 6.36 points, 0.06 percent, to 11,067.48. The Standard & Poor's 500 index gained 0.35 percent, 4.08 points, to 1,166.35. The Nasdaq composite index gained 0.73 percent, 18.40 points, to 2,513.49.

The 10-year benchmark treasury note fell 8/32 to yield 1.979 percent.

The euro rose to $1.3694 from Monday's $1.3679. Against the yen, the dollar fell to 76.89 yen from Monday's 77.21 yen.

In Tokyo, the Nikkei 225 index added 0.95 percent, 89.88, to 8,616.55.

Source: UPI