U.S. markets close mixed Monday

Published: June 9, 2008 at 4:30 PM
Federal Reserve cuts interest rates as markets react in New York

NEW YORK, June 9 (UPI) -- U.S. stock indexes were mixed Monday after Lehman Brothers said it intends to raise $6 billion after a second-quarter net loss estimated at $2.8 billion.

A drop in oil prices also boosted stocks Monday.

At the close, the Dow Jones industrial average had gained 70.51 points to 12,280.32, up 0.58 percent. The Standard and Poor's 500 index rose 1.08 to 1,361.76, up 0.08 percent. The Nasdaq composite index was down 15.10 to 2,459.46, down 0.61 percent.

On the New York Stock Exchange, 1,111 stocks advanced and 2,004 declined on a volume of 1.345 billion shares traded.

The 10-year U.S. Treasury note lost 18/32 to yield 4 percent.

The euro traded at $1.5635 from Friday's $1.5769, while the dollar traded at 106.25 yen from Friday's 105.00 yen.

In Tokyo, the Nikkei index lost 308.06 points to 14,181.38, off 2.13 percent.

In London, the FTSE 100 index lost 29.20 to 5,877.60, off 0.49 percent.

© 2008 United Press International, Inc. All Rights Reserved.
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