U.S. markets mixed Wednesday

NEW YORK, June 17 (UPI) -- U.S. markets closed mixed Wednesday after the Department of Labor said consumer prices fell 1.3 percent in April compared to a year ago.

The drop in prices is the largest in a 12-month span since 1950. Prices, however, rose 0.1 percent in May, indicating deflation is not in the mix at present.

Bank shares fared poorly. Bank of America dropped 3.46 percent, while Citigroup fell 4.31 percent. Wells Fargo & Co. shares dropped 5.29 percent.

By close, the Dow Jones industrial average lost 7.49 points, or 0.09 percent, to 8,497.18. The Standard & Poor's 500 lost 0.14 percent, 1.26 points, to 910.71. The Nasdaq composite index added 11.88 points, 0.66 percent, to 1,808.06.

On the New York Stock Exchange, 1,264 stocks advanced and 1,732 declined on a volume of 5.2 billion shares traded.

The benchmark 10-year U.S. Treasury bond fell 9/32 to yield 3.682 percent.

The euro rose to $1.3949, compared Tuesday's to $1.3839. Against the Japanese yen, the dollar fell to 95.63 yen, compared to Tuesday's 96.44 yen.

In Tokyo, the Nikkei average gained 87.97 points to 9,840.85, up 0.9 percent.

In London, the FTSE 100 index lost 1.16 percent, 50.11 points, to 4,278.46.