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Consumer Corner: Foreclosure settlement no magic bullet for economy
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.
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PORTLAND, Maine, Feb. 13 (UPI) --
So-called tar sands oil from Canada is "much, much worse" for the environment than conventional crude oil, a Maine environmental advocate said.
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DALLAS, Feb. 13 (UPI) --
Possible assembly and servicing in Mexico of UH-60 Black Hawk helicopters is being looked at by Sikorsky Aircraft and a Mexican company.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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