facebook
twitter
rss
account
search
search
 

Stocks slide Friday

July 20, 2012 at 4:39 PM   |   Comments

| License Photo
NEW YORK, July 20 (UPI) -- U.S. stocks closed lower Friday on Wall Street as economic data caught up with optimism provided by corporate reports.

A recent report on existing home sales, which fell in June, and a negative outlook voiced by Federal Reserve Chairman Ben Bernanke in recent testimony contributed to Friday's slip.

In late afternoon trading on Wall Street, the Dow Jones industrial average lost 120.79 points or 0.93 percent to 12,822.57. The Standard & Poor's 500 index lost 13.85 points or 1.01 percent to 1,362.66. Tech-heavy Nasdaq composite index gave up 40.60 points or 1.37 percent to 2,925.30.

On the New York Stock Exchange 1,024 issues advanced and 2,011 declined on volume of 3.15 billion shares.

The benchmark 10-year treasury note yielded 1.46 percent.

The euro fell to $1.216 from Thursday's $1.228. Against the yen, the dollar fell to 78.49 yen from 78.59 yen.

In Tokyo, the Nikkei 225 index lost 1.43 percent, 125.68, to 8,669.87.

In London, the FTSE 100 index slid 1.09 percent, 62.42, to 5,651.77.

Topics: Ben Bernanke
© 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.
Most Popular
1
Russia completes helicopter deliveries to Afghanistan Russia completes helicopter deliveries to Afghanistan
2
Raytheon supplying Japan with Phalanx upgrade kits Raytheon supplying Japan with Phalanx upgrade kits
3
Victoria's Secret receives backlash after 'Perfect Body' ad campaign Victoria's Secret receives backlash after 'Perfect Body' ad campaign
4
Elon Musk: We are 'summoning a demon' with artificial intelligence Elon Musk: We are 'summoning a demon' with artificial intelligence
5
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
Trending News
Around the Web
x
Feedback