NEW YORK, July 12 (UPI) -- Light trading Monday among U.S. blue chips and pessimism over earnings growth for tech firms knocked down the Nasdaq and held the other indexes to thin gains.
The Dow Jones industrial average rose 25 or 0.24 percent to 10,238.22 on a volume of 1.11 billion shares. The Nasdaq composite index gave up 9.41 or 0.48 percent to end at 1,936.92, and the Standard & Poor's 500 rose 1.54 or 0.14 percent to 1,114.35.
A Merrill Lynch downgrade of the chip sector hurt the Nasdaq, CNN reported. Among blue chips, which had been down for much of the day, a late afternoon dip in oil prices gave indexes a small boost.
The 10-year Treasury note gained about 1/8 point, or $1.25 for each $1,000 invested, for a 4.447 percent yield.
The dollar fell to 108.25 yen, down from 108.33, as the euro fell to $1.2403 from $1.2412.
In London, the FTSE 100 fell 33.20 or 0.76 percent to 4,360, and in Tokyo the Nikkei 225 surged 158.75 or 1.39 percent to 11,582.28.
