US stocks rise on commodity gains, banks

Breaking News December 17, 2011 00:00

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Washington - Two major US stock indices rose on Friday as gains among commodity producers and banks helped temper eurozone debt crisis jitters in the markets, although the Dow dropped marginally.

Halliburton Co. and Chevron Corp. rose 1.2 percent and banking shares in the S&P 500 rose 1.2 percent as a group.

The blue-chip Dow Jones Industrial Average slid slightly 2.42 points, or 0.02 per cent, to 11,866.39. The broader Standard & Poor's 500 Index gained 3.91 points, or 0.32 per cent, to 1,219.66. The technology-heavy Nasdaq Composite Index rose 14.32 points, or 0.56 per cent, to 2,555.33.

The US dollar dropped against the euro to 76.65 euro cents from 76.69 euro cents on Thursday. The dollar slid against the Japanese currency to 77.76 yen from 77.85 yen.//DPA


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