Dhaka, Bangladesh (BBN)– US stocks closed moderately higher on Monday as the market expected the Fed to take steps to put some energy back into the economic recovery.

The Dow Jones Industrial Average rose 45.19 points or 0.4 percent to 10,698.75 while the Nasdaq composite index added 17.22 points or 0.8 percent to 2,305.69, according to reports.

BBN/SSR/SI/AD-10Aug10-11:58 am (BST)