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AAP

January 29 2013, 06:41AM

The Dow Jones Industrial Average is UP 1.28 points at 13,897.30 in afternoon trading in New York, while the Standard & Poor's 500 index is DOWN 1.03 points at 1,501.93.

The NASDAQ Composite index is UP 9.01 points at 3,158.72.

The Australian dollar is trading at 104.08 US cents, DOWN from 104.49 at Friday's close, the last day of trading because of the Australia Day public holiday.

The local currency is worth 94.42 Japanese yen, 77.38 euro cents, 66.34 British pence and 1.2512 New Zealand dollars.

Benchmark crude oil is UP 56 US cents at $US96.44 per barrel.

The Australia market is set to open FLAT, with the SPI futures index UP one point at 4834.

The benchmark S&P/ASX200 index on Friday GAINED 25.0 points, or 0.52 per cent, to 4,835.2, while the broader All Ordinaries index ROSE 25.1 points, or 0.52 per cent, to 4,858.9.

The spot price of gold is $US1,654.27, DOWN from Friday's close of $US1,669.28.