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U.S. markets recover from steep losses
NEW YORK, Dec. 31 (UPI) -- U.S. markets lost ground Thursday, ending a slow week with a hangover before the New Year's Eve parties got started.
The three major U.S. stock indexes seemed to prefer to sleep in through first three sessions of the week. On Monday, the Dow Jones industrial average added a comparatively robust 26.98 points. On Tuesday, it dropped 1.67 points. The following session, it added 3.10 points.
On Thursday, the DJIA aimed higher at the opening bell, then dropped back despite a Labor Department report that said first-time jobless claims dropped by 22,000 in the week ending Dec. 26.
By close, the DJIA lost 120.46 points, 1.14 percent, to 10,428.05. The Standard & Poor's 500 lost 11.32 points to 1,115.10, off 1 percent. The Nasdaq composite index shed 22.13 points to 2,269.15, off 0.97 percent.
On the New York Stock Exchange, 994 stocks advanced and 2,018 declined on a volume of 2 billion shares traded.
The benchmark 10-year U.S. Treasury bill lost 11/32 to yield 3.837 percent.
The euro fell to $1.4324 from Wednesday's $1.4336. Against the yen, the dollar rose to 92.96 yen from Wednesday's 92.46 yen.
In Britain, the FTSE 100 index added 15.02 points, 0.28 percent, to 5,412.88.
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