US stocks gain in opening trade

Written By Unknown on Selasa, 11 Desember 2012 | 23.59

US stocks have headed solidly higher in opening trade following gains in Europe's markets, which came on the back of a surge in German investor sentiment to a seven-month high.

Ten minutes into trade the Dow Jones Industrial Average had gained 62.16 points (0.47 per cent) to 13,232.04.

The broad-market S&P 500 added 7.57 (0.53 per cent) at 1426.12, while the tech-rich Nasdaq Composite rose 24.62 points (0.82 per cent) to 3011.58.

Insurer AIG was up 2.7 per cent to $34.25 after the US Treasury announced the successful sale of its final 234 million shares at an average of $32.50 a share.

The Nasdaq was boosted as volatile Apple gained 2.0 per cent to $540.39.


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