US stocks open the week higher, Europe gains
By The Associated Press
Posted 9:57AM on Monday 25th August 2014 ( 9 years ago )
NEW YORK (AP) -- Stocks are opening higher in the U.S. after central bankers in Europe and Japan said support for their economies would continue.<br />
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The Dow Jones industrial average rose 64 points, or 0.4 percent, to 17,064 as of 9:35 a.m. Monday.<br />
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The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 1,996. The Nasdaq composite index rose 26 points, or 0.6 percent, to 4,564.<br />
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Burger King jumped 14 percent in early trading following news that the fast-food chain is in talks to buy Tim Hortons of Canada.<br />
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European markets also rose. The DAX in Germany gained 1.2 percent and the CAC-40 rose 1.3 percent. British markets were closed for a holiday.<br />
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Bond prices were little changed. The yield on the 10-year Treasury note held at 2.40 percent.
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