NEW YORK - Stock prices are higher in early trading. The Dow Jones Industrial Average is up 163 points in the first few minutes of trading.
The Nasdaq Composite Index is ahead 21 points and the Standard-and-Poor's 500 Stock Index is up 15 points.
Investors are reacting positively to news of China's $586 billion economic stimulus plan. Markets in Asia and Europe were higher on the news. With no key economic data due in the U.S. today, company news is in focus.
The U.S. government is providing new financial assistance to troubled insurance giant American International Group.
Consumer electronics retailer Circuit City has filed for bankruptcy protection. The news comes a week after the company announced it would close 20 percent of its stores. It plans to stay open for business as the holiday shopping season approaches.
Germany's Deutsche Post says it will close its DHL Express service centers and cut 9,500 jobs in the U.S. That's on top of another 5,400 job cuts already announced.
Thursday
October 10th, 2024
2:26AM
