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U.S. markets recover from steep losses
NEW YORK, Feb. 10 (UPI) -- U.S. markets posted losses Friday as the U.S. Department of Commerce said the U.S. trade deficit widened in December.
The trade gap grew from $47.1 billion in November to $48.8 billion in December. Moreover, it rose by $58 billion in 2011 from 2010 to a total of $558 billion for the year.
By close of trading on Wall Street, the Dow Jones industrial average shed 89.23 points or 0.69 percent to 12,801.23. The Standard & Poor's 500 index lost 9.31 points or 0.69 percent to 1,342.64. The Nasdaq composite index dropped 23.35 points or 0.8 percent to 2,903.88.
On the New York Stock Exchange, 761 stocks rose and 2,312 declined on a volume of 3.5 billion shares traded.
The benchmark 10-year treasury note rose 18/32 to yield 1.978 percent.
The euro fell to $1.3178 from Thursday's $1.3286. Against the yen, the dollar fell to 77.65 yen from Thursday's 77.66 yen.
In Tokyo, the Nikkei 225 index dropped 0.61 percent, 55.07, to 8,947.17.
In London, the FTSE 100 index shed 0.73 percent, 43.08, to 5,852.39.
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