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U.S. markets recover from steep losses
NEW YORK, March 12 (UPI) -- Higher-than-expected retail sales figures for a snowy February helped send stocks up Friday, although most early gains had faded by midday.
By early afternoon blue-chip stocks were mixed.
Caterpillar Inc. shares rose 2.6 percent and Boeing shares dropped 0.46 percent.
Pfizer Inc. shares fell 0.98 percent after it said it was discontinuing a study of a lung cancer drug due to disappointing early results.
By close, the Dow Jones industrial average added 10.66 points, 0.1 percent, to 10,622.50. The Standard & Poor's 500 index lost 0.03 percent, 0.3 points, to 1,149.94. The Nasdaq composite index lost 0.03 percent, 0.8, to 2,367.66.
On the New York Stock Exchange, 1,637 shares advanced and 1,377 declined on a volume of 4.9 billion shares traded.
The benchmark 10-year Treasury note rose 6/32 to yield 3.706 percent.
The euro rose to $1.3759 from Thursday's $1.3681. Against the yen, the dollar fell to 90.43 yen, from Thursday's 90.55 yen.
In Tokyo, the Nikkei 225 index added 0.81 percent, 86.31, to 10,751.26.
In London, the FTSE 100 index added 0.15 percent, 8.39, to 5,625.65.
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