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U.S. markets recover from steep losses
NEW YORK, Feb. 17 (UPI) -- U.S. markets closed mostly higher Friday with the Dow Jones industrial average coming up just short of 13,000 points.
The last time the index was above 13,000 was May 2008.
The DJIA added 45.79 points or 0.35 percent to 12,949.87 points Friday after the Bureau of Labor Statistics said inflation slowed a touch in January from December.
Consumer prices rose 2.9 percent on an annual basis in January, down from December's annual rate of 3 percent.
Stocks were also given a boost from reports that the European Central Bank agreed to a swap of Greek bonds that would ease pressure on the debt-burdened country and take it a step closer to securing a $170 billion bailout.
The Standard & Poor's 500 index added 3.19 points or 0.23 percent to 1,361.23, just short of a four-year high. The Nasdaq composite index fell 8.07 points or 0.27 percent to 2,951.78.
On the New York Stock Exchange, 1,758 issues advanced and 1,276 declined on volume of 3.7 billion shares.
The yield on the benchmark 10-year treasury note fell 5/32 to yield 2.005 percent.
The euro rose to $1.314 from Thursday's $1.3133. Against the yen, the dollar rose to 79.63 yen from Thursday's 78.93 yen.
In Tokyo, the Nikkei 225 index added 1.58 percent, 146.07 points, to 9,384.17.
In London, the FTSE 100 index added 0.33 percent, 19.69, to 5,905.07.
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