US stocks rise as pressure on Europe eases

U.S. stock indexes are mostly rising as borrowing costs for Italy and Spain decline, a signal that the European debt crisis might be easing.

Spain and Italy have been forced to pay higher interest rates because bondholders fear that they might default. Holders of Greek debt were all but forced to take steep losses on their investments.

Concerns about the European crisis sent stocks lower this week.

The Conference Board will report at 10 a.m. on its index of leading economic indicators. Economists expect the index to rise 0.4 percent.

The Dow is up 49 points, or 0.4 percent, at 1,820 at 9:40 a.m. Eastern time. The S&P 500 is up 4, or 0.3 percent, at 1,220. The Nasdaq composite index is down 2, or 0.1 percent, at 2,586.