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Markets hold back Monday

Jan. 28, 2013 at 6:37 PM   |   Comments

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NEW YORK, Jan. 28 (UPI) -- U.S. stock indexes were mixed Monday in New York despite strong durable goods gains in December.

After a four-week winning streak, investors say a slowdown is overdue. The durable goods orders report also indicated growth in non-defense capital goods orders, a leading indicator. Markets held back, anyway.

By close of trading, the Dow Jones industrial average shed 14.05 points or 0.1 percent to 13,881.93.

The Nasdaq composite of tech-oriented stocks gained 4.59 points or 0.15 percent to 3,154.30. The Standard and Poor's 500 index lost 2.78 points or 0.18 percent to 1,500.18.

The 10-year treasury note fell 2/32 to yield 1.962 percent.

Against the dollar, the euro fell to $1.3448 from Friday's $1.3466. The dollar fell to 90.66 yen from Friday's 91.03 yen.

In Tokyo, the Nikkei 225 index lost 0.94 percent, 102.34 points, to 10,824.31.

In London, the FTSE 100 index added 0.16 percent, 9.96 points, to 6,294.41.

© 2013 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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