Stocks rise as dollar continues to weaken

November 11, 2009 1:12:27 PM PST
The stock market managed modest gains as a weaker dollar lifted gold and oil prices and Federal Reserve officials signaled that borrowing rates will remain low.

Moves in the dollar are again tugging at stocks Wednesday, a pattern that has become familiar in recent months.

Gold and oil rose as the dollar slipped early in trading following predictions from Fed officials late Tuesday that the economic recovery is likely to be weak.

According to preliminary calculations, the Dow is up 44 at 10,291. The Standard & Poor's 500 index is up 6 at 1,099. The Nasdaq composite index is up 16 at 2,167.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume totaled 1 billion compared with 1.1 billion Tuesday.

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