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Markets mixed Friday

April 26, 2013 at 5:05 PM
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NEW YORK, April 26 (UPI) -- U.S. stocks closed mixed Friday following a lower-than-expected reading on the economy.

Standard & Poor's snapped a five-day winning streak after the Bureau of Economic Analysis reported the gross domestic product for the first quarter grew 2.5 percent -- a half point less than had been expected.

At the close, the Dow Jones industrial average added 11.75 points or 0.08 percent to 14,712.55 on NYSE trading volume of 3.16 billion shares as 1,254 issues advanced and 1,777 declined.

The Nasdaq dropped 10.72 points or 0.33 percent to 3,270.26 while the S&P 500 dropped 2.92 points or 0.18 percent to 1,582.24.

Gold lost $2.20, falling to $1,459.80.

The 10-year treasury note gained 12/32 to yield 1.668 percent.

On the New York Mercantile Exchange, crude oil lost 88 cents to $92.76.

On international markets, the Japanese Nikkei index lost 41.95 points or 0.3 percent to 13,884.13 while Hong Kong's Heng Seng index gained 147.47 points or 0.65 percent to 22,547.71. In Europe, London's FTSE fell 16.17 points or 0.25 percent to 6,428.42 and the German DAX fell 18.10 or 0.23 percent to 7,814.76.

Against the dollar, the euro rose to $1.3029 from Thursday's $1.3012. The dollar fell to 98 yen from 99.25 yen Thursday.

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