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Markets close with gains

Aug. 16, 2012 at 6:32 PM   |   Comments

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NEW YORK, Aug. 16 (UPI) -- Stocks made gains in New York Thursday despite the release of economic data that were neutral or close to expectations.

The European Union's statistical office Eurostat said inflation in the 17-nation eurozone on an annual basis came to 2.4 percent, in line with a previously released flash estimate. In Washington, the Department of Labor said first-time unemployment benefit claims rose by 2,000 to 366,000, not a large enough increase to jolt markets.

By close of trading on Wall Street, the Dow Jones industrial average added 85.33 points to 13,250.11, up 0.65 percent. The tech-heavy Nasdaq Composite index added 31.46 points to 3,062.39, up 1.04 percent. The Standard and Poor's 500 gained 9.98 points to 1,415.51, up 0.71 percent.

On the New York Stock Exchange, 2,164 stocks advanced and 839 declined on a volume of 2.3 billion shares traded.

The benchmark 10-year treasury fell 6/32 to yield 1.839 percent.

Against the euro, the dollar was $1.2358 from $1.2289 Wednesday. Against the yen, the dollar was 79.33 from 78.98 yen.

In Tokyo, the Nikkei closed at 9,092.76, adding 167.72 points, or 1.88 percent.

In London, the FTSE 100 index reached 5,833.92, a gain of 0.88 points or 0.02 percent.

© 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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