U.S. markets close week mixed

Published: Aug. 15, 2008 at 5:37 PM
TRADING  AT NYSE IN NEW YORK CITY

NEW YORK, Aug. 15 (UPI) -- Major U.S. indexes ended the week mixed as fears of a global economic slowdown pushed prices for raw materials lower Friday.

After a roller-coaster ride during the day, the Dow Jones industrial average ended up 43.97 points, or 0.4 percent, at 11,659.90. The Nasdaq was down 1.15 points, or 0.05 percent, to close at 2,452.52 points. Meanwhile, the Standard & Poor's 500 finished at 1,298.20, up 5.27 or 0.41 percent.

Most companies benefited with a drop in everything from crude oil to copper, The Wall Street Journal reported.

"This market is undergoing a real secular change," Bill O'Grady, chief investment strategist at Wachovia Securities, told the Journal.

On the New York Stock Exchange, the listed volume was 4.04 billion shares.

The 10-year U.S. Treasury notes gained 13/32 to yield 3.850 percent.

Against the euro the dollar was at 1.4673 from Thursday's 1.4809. The dollar against the yen was at 110.51 after Thursday's 109.63.

In Tokyo, the Nikkei average rose 62.61 points to 13,019.41, up 0.48 percent.

In London, the FTSE 100 index fell 42.60 to 5,454.80, off 0.77 percent.

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



Additional News Stories
MLS: Los Angeles 2, Houston 0 (OT) (37 min)
Your Daily Horoscope
The almanac
NBA: Denver 105, LA Lakers 79
NBA: Sacramento 109, Houston 100
COL BKB: Georgetown 74, Tulane 58
NBA: Atlanta 97, Boston 86
fark
But honestly, who amongst us hasn't mistaken a uniformed police officer for a Sonic drive-through...
Creepy weatherman leaves around 100 voicemails to girl he just met. Wonders why she won't call him...
Man charged with battery, grand theft, exhibition of a deadly weapon and a possible hate crime for...
Comic books are doing surprisingly well even when big-boy books are struggling
Commissioners strip the Las Vegas Strip of the Stripper Mobile. Won't someone please think of the...
Here's what you're not getting for Christmas: Mercedes' updated version of its 50-years-ago gullwing...