U.S. markets close mixed Friday

NEW YORK, Sept. 26 (UPI) -- U.S. stock indexes closed mixed Friday with Wachovia bank shares dropping 30.66 percent on the day.

The day started with news that Seattle's savings and loan Washington Mutual had become the latest victim of financial crisis, seized by regulators who engineered a sale of the $1.9 billion of the company's deposits and operations to JP Morgan & Chase Co.

By close Friday, the Dow Jones industrial average had rebounded from an early slump to gain 121.07 points, or 1.1 percent, to 11,143.13. The Standard and Poor's 500 rose 0.34 percent, 4.09 points, to 1,213.27. The Nasdaq composite index fell 3.23 points, 0.15 percent, to 2,183.34.

On the New York Stock Exchange, 1,042 stocks advanced and 2,110 declined on a volume of 5.975 billion shares traded.

The benchmark 10-year U.S. Treasury bond rose 2/32 to yield 3.858 percent.

The dollar fell Friday. The euro rose to $1.4628, compared to $1.4626 Thursday. Against the Japanese yen, the dollar fell to 106.12 yen from 106.37 yen.

In Tokyo, the Nikkei average lost 113.37 points to 11,893.16, down 0.94 percent.

The FTSE index in London also fell, down 108.50 points to 5,088.50, off 2.09 percent.