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Stocks close mixed Thursday

April 5, 2012 at 5:16 PM   |   Comments

NEW YORK, April 5 (UPI) -- U.S. stocks closed mixed Thursday, as jitters over the debt crisis in Europe refuse to go away.

Yields in 10-year, benchmark Spanish bonds rose to 5.81 percent, before settling slightly, as a government auction generated only modest demand. In France, an auction raised $11.09 billion. On Tradeweb, French 10-year bonds were listed as yielding 2.99 percent.

Markets were mostly lower in Asia and Europe. In London, the Bank of England elected to keep its overnight lending rate at 0.5 percent. In Washington, the Labor Department reported an additional drop of 6,000 in first-time unemployment benefit claims, which stood at 357,000 in the week ending Saturday.

By close of trading on Wall Street, the Dow Jones industrial average was down 0.11 percent, losing 14.61 points to 13,060.14. The tech-dominated Nasdaq composite index added 12.41 points to 3,080.50, up 0.4 percent. The Standard and Poor's 500 index shed 0.88 points to 1,398.08, off 0.06 percent.

On the New York Stock Exchange, 1,299 stocks advanced and 1,701 declined on a volume of 3.2 billion shares traded.

The 10-year treasury note rose 12/32 to yield 2.181 percent.

The euro fell to $1.3064 from Wednesday's $1.3142. Against the yen, the dollar fell to 82.31 from Wednesday's 82.46 yen.

In Tokyo, the Nikkei 225 index shed 0.53 percent, 52.38, to 9,767.61.

In London, the FTSE 100 index rose 0.35 percent, 19.90, to 5,723.67.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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