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28 Mar 05: US Markets Close Higher on Stronger Dollar, Lower Oil Prices


U.S. markets closed higher Monday on news of lower oil prices and a stronger dollar.

The Dow Jones Industrial Average finished 43 points higher to close at 10,486. The S & P 500 climbed three points to end at 1,174, while the NASDAQ finished one point higher at 1,993.

Still, gains were limited by inflation concerns. In addition, investors will be watching several reports on economic growth and consumer confidence this week, including Friday's key figures on U.S. employment.

European financial markets were closed Monday for the Easter public holiday. London's FTSE index, the Paris CAC-40, and the DAX index in Frankfurt will re-open on Tuesday.

Gold rose more than one dollar to four hundred 25 dollars and ninety-five cents.

The dollar closed higher against the euro and yen.

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