1.
U.S. markets recover from steep losses
NEW YORK, Feb. 27 (UPI) -- A rally in U.S. markets petered out Wednesday in spite of a signal from U.S. Federal Reserve Chairman Ben S. Bernanke that interest rates could be cut again.
An upswing in the Dow Jones industrial average lost momentum with the session ending with a fractional decline of 0.05 percent.
The index lost 6.59 points Wednesday to close at 12,678.33 points.
The Standard & Poor's 500 index gained 1.42 points to 1,378.87 points, down 0.10 percent, while the tech-dominated Nasdaq composite index rose 8.79 points to 2,353.78, up 0.37 percent.
On the New York Stock Exchange, 1,428 stocks advanced and 1,681 declined Wednesday on a volume of 3.811 billion shares traded.
The 10-year U.S. Treasury note gained 1/32, yielding 3.854 percent.
The dollar fell. The euro traded at $1.5125, compared with $1.4966 Tuesday, while the dollar traded at 106.35 yen from 107.28 yen Tuesday.
In Tokyo, the Nikkei average gained 206.58 points to 14,031.30, up 1.4 percent.
In London, the FTSE 100 index lost 10.90 points, down 0.18 percent to 6,076.50 points.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
