Markets close mixed Thursday

July 5, 2012 at 5:48 PM
share with facebook
share with twitter
| License Photo

NEW YORK, July 5 (UPI) -- U.S. stock indexes were mixed Thursday after central banks in Europe and China elected to lower their wholesale lending rates.

The European Central Bank in Frankfurt, Germany, lowered its benchmark lending rate from 1 percent to 0.75 percent. In Beijing, the People's Bank of China said its bank-to-bank lending rate would be set at 6 percent, down from 6.3 percent.

Economic data was mixed. Payroll firm Automatic Data Processing Inc. said 176,000 jobs were added to the private sector in June. The Labor Department said weekly claims for unemployment benefits fell for the second consecutive week.

A broad measure of the U.S. service sector, the Institute of Supply Management's index for non-manufacturing showed business growth slowed in June.

By close of trading, the Dow Jones industrial average lost 47.15 points, 0.36 percent to 12,896.67.

The S&P 500 shed 6.44 points or 0.47 percent to 1,367.58. The Nasdaq composite index gained 1.04 points, less than 0.01 percent, to 2,976.12.

On the New York Stock Exchange, 1,329 stocks advanced and 1,695 declined on a volume of 2.8 billion shares traded.

The 10-year benchmark treasury note rose 5/32 to yield 1.602 percent.

The euro fell to $1.2393 from Tuesday's $1.2527 Against the yen, the dollar rose to 79.92 yen from 79.87 yen.

In Tokyo, the Nikkei 225 index shed 0.27 percent, 24.37, to 9,079.80.

In London, the FTSE 100 index was up 0.14 percent, 8.16, to 5,692.63.

Related UPI Stories
Trending Stories