U.S. markets lose ground Wednesday
Published: March 26, 2008 at 4:36 PM
NEW YORK, March 26 (UPI) -- U.S. markets remained in negative territory Wednesday on news that new house sales slumped in February and durable goods orders were down.
The Dow Jones industrial average fell 0.88 percent Wednesday, down 109.74 points to 12,422.86.
The Standard and Poor's 500 index dropped 11.86 points to 1,341.13, down 0.88 percent.
The Nasdaq composite index also fell, down 16.69 points to 2,324.36, down 0.71 percent.
On the New York Stock Exchange 1,312 stocks advanced and 1,828 declined on a volume of 1.430 billion shares traded.
The 10-year U.S. Treasury note gained 10/32 to yield 3.473 percent.
The dollar weakened. The euro traded at $1.5838 from Tuesday's $1.5611, while the dollar traded at 99.10 yen from Tuesday's 100.16 yen.
In Tokyo, the Nikkei index lost 38.59 points Wednesday to close at 12,706.63, down 0.3 percent.
In London, the FTSE 100 index lost 28.50 points to 5,660.60, down 0.5 percent at the close on Wednesday.
The Dow Jones industrial average fell 0.88 percent Wednesday, down 109.74 points to 12,422.86.
The Standard and Poor's 500 index dropped 11.86 points to 1,341.13, down 0.88 percent.
The Nasdaq composite index also fell, down 16.69 points to 2,324.36, down 0.71 percent.
On the New York Stock Exchange 1,312 stocks advanced and 1,828 declined on a volume of 1.430 billion shares traded.
The 10-year U.S. Treasury note gained 10/32 to yield 3.473 percent.
The dollar weakened. The euro traded at $1.5838 from Tuesday's $1.5611, while the dollar traded at 99.10 yen from Tuesday's 100.16 yen.
In Tokyo, the Nikkei index lost 38.59 points Wednesday to close at 12,706.63, down 0.3 percent.
In London, the FTSE 100 index lost 28.50 points to 5,660.60, down 0.5 percent at the close on Wednesday.
© 2008 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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