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18 April 05: US Stocks Stabilize at Opening


After last week's steep slump, U.S. stocks appeared to stabilize at Monday's)opening.

The Dow Jones Industrial Average was three points higher at 10,091.

The S&P 500 gained two points in early trading at 1,144, and the NASDAQ was up nearly three points at 1,911.

In Europe, London's Financial Times index, and the CAC-40 in Paris, were both down more than one percent and Frankfurt's DAX index was off more than 2%.

The Tokyo Stock Exchange's Nikkei Average ended the day nearly four percent down (432 points) down -- its biggest one-day drop in nearly a year -- to finish at 10,938 points.

The Hang Seng in Hong Kong closed just over 2% off (284 points) at 13,355.

The price of gold in London is 426 dollars, one cent an ounce, up more than one dollar. The dollar in London is lower against the euro and yen.

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