Stocks flat despite housing price upturn

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NEW YORK, Aug. 28 (UPI) -- U.S. stock indexes were flat in New York Tuesday as a closely watched home price report failed to spark much enthusiasm.

The S&P Case-Shiller report said home prices rose May to June in all 20 of the cities the report monitors. Prices were up in 13 of the 20 cities on an annual basis.

The report said a housing recovery was on solid ground. After early gains, however, stock turned flat.

By close of trading on Wall Street, the Dow Jones industrial average shed 21.68 points or 0.17 percent to 13,102.99. The tech-heavy Nasdaq Composite index added 3.95 points or 0.13 percent to 3,077.14. The Standard and Poor's 500 shed 1.14 points or 0.08 percent to 1,409.30.

On the New York Stock Exchange, 1,691 stocks advanced and 1,287 declined on a volume of 2.4 billion shares traded.

The benchmark 10-year treasury rose 5/32, yielding 1.639 percent.

The euro rose to $1.2564 from Monday's $1.2499. Against the yen, the dollar fell to 78.54 yen from 78.75 yen.

In Tokyo, the Nikkei 255 index lost 52.10 points, 0.57 percent, to 9,033.29.

In London, the FTSE 100 index lost 0.02 percent, 0.89 points, to 5,775.71.