Stocks end good year on slightly down note
Published: Dec. 31, 2004 at 4:55 PM
NEW YORK, Dec. 31 (UPI) -- U.S. stocks dropped the curtain on another positive year Friday but the final session of 2004 was a weak one and indexes closed on a down note.
For the year, however, the markets were solidly higher after a broad late advance helped overcome higher oil prices and an almost 8 percent decline in the dollar.
The Dow was up 3.3 percent for the year, while Nasdaq recorded an 8.7 increase and Standard & Poor 9.1.
On Friday, the Dow Jones industrials dropped 17.29 points, or 0.16 percent, to close at 10,783.01. Nasdaq was off 2.90, or 0.13 percent to 2,175.44 and Standard & Poor slipped 1.63. or 0.13 percent, to 1,211.92.
Bonds gained. The 10-year Treasury note rose 9/32, or $2.81 for each $1,000 invested. The yield fell to 4.220 percent.
The dollar was mixed, trading at 102.70 yen, down from 103.89, while the euro fell against the dollar to $1.3546 from $1.3601.
For the year, however, the markets were solidly higher after a broad late advance helped overcome higher oil prices and an almost 8 percent decline in the dollar.
The Dow was up 3.3 percent for the year, while Nasdaq recorded an 8.7 increase and Standard & Poor 9.1.
On Friday, the Dow Jones industrials dropped 17.29 points, or 0.16 percent, to close at 10,783.01. Nasdaq was off 2.90, or 0.13 percent to 2,175.44 and Standard & Poor slipped 1.63. or 0.13 percent, to 1,211.92.
Bonds gained. The 10-year Treasury note rose 9/32, or $2.81 for each $1,000 invested. The yield fell to 4.220 percent.
The dollar was mixed, trading at 102.70 yen, down from 103.89, while the euro fell against the dollar to $1.3546 from $1.3601.
© 2004 United Press International. All Rights Reserved.
This material may not be reproduced, redistributed, or manipulated in any form.
This material may not be reproduced, redistributed, or manipulated in any form.
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