Mid-Day Market Update: Feb 19, 2010

Last updated February 19, 2010: 1:00 PM ET --- The major U.S. equity indices are trading higher Friday as investors saw the Federal Reserve's increase in the discount rate as a sign of strength in the economy. Investor sentiment was also boosted by data from the U.S. Consumer Price Index, which rose less than expected in January. The Dow Jones Industrial Average (DJI) is trading 0.31% higher at 10,425.25, the S&P500 (INX) is trading 0.38% higher at 1,111.00, and the Nasdaq Composite (IXIC) is trading 0.28% higher at 2,247.88.