US stock market cautious
US stocks drifted higher on Monday amid uncertainty over fraud charges against top Wall Street bank Goldman Sachs.
The Dow Jones Industrial Average rose 25.02 points (0.23 per cent) to 11,043.68, recovering from a more than 100 points’ plunge on Friday when the Securities and Exchange Commission (SEC) announced civil fraud charges on Goldman.
The tech-rich Nasdaq composite added 3.09 points (0.12 per cent) to 2,484.35 and the broad-market Standard & Poor’s 500 index gained 2.68 points (0.22 per cent) at 1,194.81