Stocks jump after G-20 pledge to aid economies - KWWL - Eastern Iowa Breaking News, Weather, Closings

Stocks jump after G-20 pledge to aid economies



NEW YORK (KWWL) - The Dow Jones industrial average is at its highest level in more than a year as a falling dollar boosts prices for commodities including gold and oil.

Stocks jumped Monday as the dollar slid and confidence grew that governments will keep trying to revive the world's economies. News that the Group of 20 countries will hold stimulus measures in place is a signal to investors that interest rates will remain low.

The Dow is up 204 at 10,227, its second 200-point gain in three days. The Standard & Poor's 500 index is up 24 at 1,093. The Nasdaq composite index is up 42 at 2,154.

Five stocks rose for every one that fell on the New York Stock Exchange. Volume totaled 1.2 billion compared with 1.1 billion Friday.

Online News Director Nate Leding

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