facebook
twitter
rss
account
search
search
 

Markets slip Friday

May 25, 2012 at 5:25 PM   |   Comments

| License Photo
NEW YORK, May 25 (UPI) -- U.S. stocks closed lower Friday on economic news out of Spain and ahead of the holiday weekend.

The Dow Jones industrial average, which gained 34 points Thursday for the first finish in the black this week, was down 74.92 points, or 0.6 percent, to 12,454.83.

Investor eyes are on Europe. With no major economic reports scheduled for release before the weekend, markets across the continent closed modestly higher, up 0.32 percent in Paris and 0.38 percent in Germany.

On Wall Street, the Standard & Poor's 500 shed 2.86 points, or 0.2 percent, to 1,317.82. The Nasdaq Composite dropped 1.85 points, or 0.1 percent to 2,837.53.

On the New York Stock Exchange, 1,548 stocks rose and 1,452 declined on a volume of 2.8 billion shares traded.

The benchmark 10-year treasury note fell 0.04 to 1.742 percent.

The euro continued its decline against the U.S. dollar at $1.2527 from Thursday's $1.2532. Against the yen, the dollar hit 79.64 from 79.58 yen.

In Tokyo, the Nikkei 225 index added 0.2 percent, 17.01 points, to 8,580.39.

In London, the FTSE 100 index gained 0.03 percent, 1.48 points, to 5,351.53.

© 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.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
Talon rocket in full-rate production for UAE Talon rocket in full-rate production for UAE
3
EU, Kiev, Moscow gas talks suspended EU, Kiev, Moscow gas talks suspended
4
Students hurt in high school lab fire Students hurt in high school lab fire
5
Hotel chain suspending sponsorship of Minnesota Vikings Hotel chain suspending sponsorship of Minnesota Vikings
Trending News
Video
x
Feedback