US stocks rise on promise of more stimulus

Written By Unknown on Senin, 25 Februari 2013 | 22.34

US stocks have opened solidly higher on expectations of continued economic stimulus measures by central banks.

Five minutes into trade on Monday, the Dow Jones Industrial Average rose 53.27 points, or 0.38 per cent, to 14,053.84.

The broad-based S&P 500 increased 7.74 points, or 0.51 per cent, to 1,523.34.

The tech-rich Nasdaq Composite Index jumped 20.09 points, or 0.64 per cent, to 3,181.90.

The increases followed comments on Friday by St Louis Federal Reserve president James Bullard that the US easy-money policy would continue.

On Monday, news surfaced that Japan's prime minister plans to appoint as central bank chief Haruhiko Kuroda, the president of the Asian Development Bank, who is viewed as favouring economic stimulus measures.


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