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Markets becalmed, but Nasdaq posts gains

Nov. 26, 2013 at 6:18 PM   |   Comments

NEW YORK, Nov. 26 (UPI) -- Stocks closed flat Tuesday in New York with moderate trading in the middle of a holiday-shortened week on Wall Street.

The S&P/Case-Shiller home price index showed prices up marginally from August to September with solid gains over 12 months. Just before the holiday shopping season jumps into its final push, however, the Conference Board said that consumer confidence slipped in November after a sharp drop in October.

Point blank from a retail perspective, the timing of October's government shut down could hardly have been worse.

On Tuesday, the Dow Jones industrial average added 0.26 points or less than 0.01 percent to 16,072.80. The Standard & Poor's 500 added 0.27 points or 0.01 percent to closed at 1,802.75 marking its third consecutive close above 1,800, after overtaking the milestone on Friday.

The Nasdaq composite index gained 23.18 percent, 0.58 points, to 4,017.75, closing above 4,000 points for the first time in 13 years.

On the New York Stock Exchange, 1,738 issues advanced while 1,327 declined on a trading volume of 3.4 billion shares.

The London FTSE shed 58.40 points, or 0.87 percent, to close at 6,636.22. In Tokyo, the Japanese Nikkei 225 gave up 103.89 points or 0.67 percent, to 15,515.24.

The 10-year treasury note yielded 2.713 percent at the close of trading, up 5/32.

The euro rose to $1.3568 while the dollar rose to 101.31 yen.

On the Comex division of the New York Mercantile Exchange, gold closed at $1,241.60 an ounce while silver lost 7.6 cents to $19.85 an ounce.

Crude oil settled at $93.46, down 63 cents, on the NYMEX.

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