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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, May 16 (UPI) -- U.S. market indexes closed mixed Friday as a wavering afternoon rally could not bring the Dow Jones index out of the doldrums.
A record crude oil price at $126.74 per barrel kept inflation worries in focus despite an 8.2 percent jump in U.S. housing starts in April.
By close Friday, the Dow Jones industrial average was down 15.80 points, or 0.12 percent, to 12,976.86. The Standard and Poor's 500 index gained 0.79 points, or 0.06 percent, to 1,424.36. The Nasdaq composite index fell 4.80 points, or 0.19 percent, to 2,528.36.
The 10-year U.S. Treasury note fell 9/32 to yield 3.845 percent.
On the New York Stock Exchange 1,598 stocks advanced and 1,480 declined on a volume of 1.042 billion shares traded.
The dollar fell. The euro traded at $1.5592 from Thursday's $1.5464 and the dollar traded at 104.10 yen from Thursday's 104.60 yen.
In Tokyo, the Nikkei index dropped 32.26 points to 14,219.48, off 0.23 percent.
In London, the FTSE 100 index gained 41.20 points, or 0.66 percent, to 6,293.00.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASHINGTON, Feb. 13 (UPI) --
GE Aviation announced it is expanding its business in the United States with the addition of three new manufacturing and development facilities.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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