facebook
twitter
search
search

Markets retreat Monday

Feb. 4, 2013 at 7:07 PM

NEW YORK, Feb. 4 (UPI) -- The Dow Jones industrial average ducked under 14,000 Monday after closing above the psychological benchmark Friday.

Friday marked the Dow's highest close since Oct.12, 2007. But that quickly eroded Monday after the Census Bureau said factory orders rose less than expected in December, climbing 1.8 percent over November. Economists had predicted a rise of 2.2 percent.

By close of trading, the Dow gave up 129.71 points or 0.93 percent to 13,880.08. The Nasdaq index shed 47.93 points or 1.51 percent to 3,131.17.

The Standard & Poor's 500 lost 17.46 points or 1.15 percent to 1,495.71.

At the New York Stock Exchange, 663 stocks advanced and 2,400 declined on a volume of 3.3 billion shares traded.

The 10-year treasury note was yielding 1.959 percent.

Against the dollar, the euro was $1.3511 from Friday's $1.3651. The dollar was 92.16 yen from 92.78 yen.

In Tokyo, the Nikkei 225 index added 0.62 percent, 69.01 points, to 11,260.35.

In London, the FTSE 100 index dropped 1.58 percent, 100.40 points, to 6,246.84.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Brazil orders search-and-rescue aircraft
Advanced radar to feature on upgraded Singapore fighters
Australia orders airborne refueling tankers
Kraft-Heinz merger forms world's fifth-largest food-beverage company