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Markets close out half day with losses

Nov. 25, 2011 at 1:24 PM
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NEW YORK, Nov. 25 (UPI) -- U.S. markets began a holiday-shortened half-day session with gains Friday, but the upswing failed to hold.

Markets were lower in China, India, Hong Kong and Australia, and flat in Japan. In Europe, stock markets closed higher in Britain, Italy, France and Germany, but bond yields rose in Italy, putting renewed focus in the continent's ongoing debt crisis.

On Wall Street a half-day post-Thanksgiving trading session closed with the Dow Jones industrial average off 25.77 points or 0.23 percent to 11,231.78. The Standard & Poor's 500 index shed 3.12 points or 0.27 percent to 1,158.67. The Nasdaq composite index lost 18.57 points or 0.75 percent to 2,441.51.

The benchmark 10-year treasury note lost 23/32 to yield 1.962 percent.

The euro fell to $1.3224 from late Thursday's $1.3347. Against the yen, the dollar rose to 77.74 yen from 77.12 yen.

In Tokyo, the Nikkei 225 index shed 0.06 percent, 5.17, to 8,160.01.

In London, the FTSE 100 index gained 0.72 percent, 37.08, to 5,164.65.

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