U.S. markets close mixed Friday

Published: July 10, 2009 at 4:19 PM
Federal Reserve cuts interest rates as markets react in New York

NEW YORK, July 10 (UPI) -- U.S. markets closed flat Friday as investors feared the second quarter's corporate reporting season would be disappointing.

By the closing bell, the Dow Jones industrial average lost 36.65 points, or 0.45 percent, to 8,146.52. The Standard & Poor's 500 fell 0.4 percent, 3.55 points, to 879.13. The Nasdaq composite index was slightly higher, up 3.48 points, 0.2 percent at 1,756.03.

On the New York Stock Exchange, 1,446 stocks advanced and 1,525 declined on a volume of 4.4 billion shares traded.

The benchmark 10-year U.S. Treasury bond rose 32/32 to yield 3.293 percent.

The euro fell to $1.3949, compared to Thursday's $1.4032. Against the Japanese yen, the dollar fell to 92.42 yen, compared to Thursday's 92.95 yen.

In Tokyo, the Nikkei average lost 0.04 percent, 3.78 points to 9,287.28.

In London, the FTSE 100 index dropped 0.76 percent, 31.49 points, to 4,127.17.

© 2009 United Press International, Inc. All Rights Reserved.
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