In early afternoon trade in New York on Monday, equities markets were slightly ahead after last week’s declines.
The Dow Jones Industrial Average was up 0.3 percent to 13,278,72, while the Nasdaq Composite had added 0.15 percent to 2,548.6 and the S&P 500 was 0.32 percent higher to 1,458.32.
The gains came as the Federal Reserve and other central banks added more cash into their monetary systems in order to calm investor nerves about the credit market.
The New York Fed announced $2 billion in overnight repurchase agreements, while the Bank of Japan put another $5 billion into the system and the European Central Bank added another $65.3 billion.
Also helping the US markets was a new report from the Commerce Department that showed retail sales up 0.3 percent in July, a bit more than had been anticipated.
This new data left the retail sector mixed, however, with Wal-Mart (NYSE: WMT) up 21 cents to $46.28 but home improvement retailer Home Depot (NYSE: HD) falling 53 cents to $35.39.
Technology stocks were mostly higher in afternoon trade even though they had retreated from morning gains.
Qwest Communications (NYSE: Q) was up 19 cents to $8.56 on the news that it had named a new CEO after the retirement of its previous one.
Qualcomm (NAS: QCOM) added 96 cents to $38.85 after its general counsel resigned in the wake of legal troubles in its continuing dispute with Broadcom (NAS: BRCM), which fell 59 cents to $35.26.
Storage technology group EMC Corp (NYSE: EMC) was $1.12 higher to $18.84 as it prepared to spin off 10 percent of its Vmware storage virtualization unit.
In the subprime sector, Accredited Home Lenders Holding Co (NAS: LEND) dropped $2.76 to $6.15 after it said it had filed suit against Lone Star Fund V and two of its affiliates to try to get the private equity firm to live up to its agreement to take over the troubled mortgage lender after Lone Star said on Friday that Accredited did not meet the conditions of the offer.
Accredited said that without the takeover deal, it could have to file for bankruptcy.
Meanwhile, Goldman Sachs (NYSE: GS) dropped $1.62 to $178.88.