Wall Street moved mostly higher on Monday, as investors remained upbeat about stocks in the wake of the Federal Reserve's half-point interest rate cut last week, according to AP. Investors will also be eyeing a number of economic reports this week that could solidify the advance. Many investors are hoping readings on durable goods, existing home sales and consumer spending will give the Fed room to cut rates further. However, lower rates _ and the potential for more cuts _ continued to weigh against the U.S. dollar. The U.S. currency dropped to a 15-year low against six other major currencies. There are no economic reports due during the session. However, speeches are expected from Fed Chairman Ben Bernanke, Dallas Fed president Richard Fisher, and Chicago Fed governor Charles Evans. In the first half-hour of trading, the Dow Jones industrials rose 4.06, or 0.03 percent, to 13,824.25. Broader indicators were mixed, with the Standard & Poor's 500 index dipping 1.36, or 0.09 percent, to 1524.39, while the Nasdaq composite index rose 5.46, or 0.20 percent, at 2,678.68. Bonds edged lower, with the yield on the benchmark 10-year Treasury note rising to 4.64 percent from 4.63 percent late Friday. Treasuries have rallied since last week's rate cut, and investors are now holding positions ahead of the week's economic data. The dollar fell against major currencies, while gold prices dipped. Oil prices fell as a tropical depression in the Gulf of Mexico dissipated without causing damage to key oil and gas infrastructure. A barrel of light sweet crude dropped 80 cents to $80.82 on the New York Mercantile Exchange.
