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Stock rally ends at 10 days

March 15, 2013 at 4:52 PM   |   Comments

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NEW YORK, March 15 (UPI) -- Stocks ended a 10-day run of gains Friday, closing down after the U.S. Bureau of Labor Statistics said the consumer price index rose 0.7 percent in February.

The Dow Jones industrial average lost 25.03 points, or 0.17 percent, to 14,514.11.

The Nasdaq dipped 9.86 points, or 0.30 percent, to 3,249.07.

The Standard and Poor's 500 slipped 2.53 points, or 0.16 percent, to 1,560.70.

The CPI increase was slightly higher than economist projected. The annual inflation rate rose to 2 percent after resting at 1.9 percent for three consecutive months.

Before Friday, the Dow closed higher for 10 consecutive days, the longest winning streak in at least 16 years.

On the New York Stock exchange, the total volume was 5.05 billion shares. Decliners outpaced gainers, 2.58 billion shares to 2.42 billion shares.

The 10-year U.S. treasury bonds yielded 1.997 percent.

Against the dollar, the euro was $1.3073 from Thursday's $1.3005. Against the yen, the dollar was 95.31 yen from 96.11 yen.

In Tokyo, the Nikkei 225 gained 179.76 points, 1.45 percent, to 12,560.95.

In London, the FTSE 100 index shed 0.61 percent, 39.76 points, to 6,489.65.

© 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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