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U.S. markets recover from steep losses
NEW YORK, June 19 (UPI) -- U.S. stock indexes finished Tuesday on an up note despite crude oil pricing out at $69 a barrel and a weakness in housing starts.
The Dow Jones industrial average rose 22.44 points, or 0.16 percent, to close the day at 13,635.42. The Standard & Poor's 500 gained 2.65 points, or 0.17 percent, to finish at 1,533.70. The Nasdaq Composite Index was up 0.16 points, or 0.01 percent, to 2,626.76.
Stocks generally advanced on the New York Stock Exchange, with 1,940 stocks gaining and 1,357 declining on volume of 2.91 billion shares traded.
The per-barrel price for crude oil closed at $69.10 Tuesday, the second day it the price was above $69.
Also Tuesday, the U.S. Commerce Department reported May housing starts fell 2.1 percent to a seasonally adjusted 1.474 million annual rate after rising by 1.0 percent in April to 1.506 million. Economists had expected a 3.5 percent drop for May housing starts, The Wall Street Journal reported.
The 10-year U.S. Treasury bond was up $4.375 for every $1,000 invested, yielding 5.077 percent Tuesday.
The dollar weakened. The euro traded at $1.3426 Tuesday from $1.3410 late Monday. The dollar was at 123.34 yen from 123.62 yen Monday.
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