Markets slide to early close

Dec. 24, 2012 at 2:26 PM

NEW YORK, Dec. 24 (UPI) -- U.S. stock markets leaned lower Monday following mixed results in Asia and a largely flat performance in European markets.

Just before the Christmas break, investors are still faced with the prospect of a federal budget for 2013 with a net negative $500 billion adjustment that kicks in Jan. 1, if lawmakers in Washington do not reach a compromise agreement before then.

House members went home Thursday after a plan proposed by House Speaker John Boehner, R-Ohio, did not garner enough support for a vote.

By close of trading in a holiday-shortened trading session, the Dow Jones industrial average lost 51.76 points or 0.39 percent to 13,139.08. The Nasdaq lost 8.41 points or 0.28 percent to 3,012.60.

The Standard & Poor's 500 shed 3.49 points or 0.24 percent to 1,426.66.

In the shortened session, 1,195 shares advanced and 1,786 declined on a volume of 1.2 billion shares traded.

The 10-year treasury note was off 2/32 to yield 1.777 percent.

Against the yen, the dollar was higher at 84.84 from Friday's 84.24. The euro fell to $1.3187 from $1.3189.

In London, the FTSE 100 index added 0.24 percent, 14.19 points, to 5,954.18.

Related UPI Stories
Topics: John Boehner
Latest Headlines
Trending Stories
Boehner delays House vote for new speaker
NASA releases thousands of Apollo mission photos on Flickr
FDA approves new treatment for advanced lung cancer
Gay Vatican priest comes out day before Pope Francis begins synod on family issues
Scientists find roadmap that may lead to 'exercise pill'