March 10th, 2010
07:43 PM ET

Stocks rise, dollar seesaws, and treasurys dip

 A look at the day’s highlights in business news:

Stocks post modest gains

Stocks rose Wednesday, with the Nasdaq ending at its highest level in more than 18 months, on strength in the financial services sector and an upbeat report on wholesale inventories.     

The Dow Jones industrial average rose 3 points, or less than 0.1%, at 10,567, according to early tallies. The S&P 500 index added 5 points, or 0.5%, to 1,145.

The Nasdaq composite rose 18 points, or 0.8%, to 2,358.

Airline stocks take off

Airline stocks rallied, riding a wave of investor sentiment that 2010 is shaping into a profitable year for the industry, experts say.

The NYSE airline index was up 1.0% on the day, outperforming the market's modest gains.

Dollar seesaws

The dollar was mixed against major currencies, rising against the yen and pound but giving up gains versus the euro.

What prices are doing: The dollar fell 0.4% against the euro to $1.3654 and rose 0.1% versus the pound to $1.4976. The greenback climbed 0.6% against the yen to ¥90.51.

Oil rises

Oil prices rose as the government's weekly inventory report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory.

Treasurys dip

Treasurys traded lower as stocks advanced slightly and a government auction of $21 billion in 10-year notes generated strong demand.

- reporters Chavon Sutton, Blake Ellis, Ben Rooney, Anaalyn Censky and Aaron Smith contributed to this report.

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