U.S. stock indexes rebound slightly; crude oil drops

June 21, 2013 at 5:37 PM
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NEW YORK, June 21 (UPI) -- U.S. stock indexes closed mixed Friday, finishing a rocky week fueled by fears the Federal Reserve may pull back from its economic stimulus later this year.

The Dow Jones industrial average picked up 41.08 points, or 0.28 percent, to end the floor session at 14,799.40.

The Dow plunged 353.87 points on Thursday, giving the index a two-day loss of more than 559 points.

The Nasdaq lost 7.39 points, or 0.22 percent, to close at 2,257.25.

The Standard & Poor's 500 added 4.24 points, or 0.27 percent, to finish at 1,592.43.

U.S. stocks, along with commodities and bonds, reacted negatively in the previous two sessions after Fed Chairman Ben Bernanke said Wednesday the central bank may scale back its bond-buying later this year.

On the New York Stock Exchange, 1,542 issues advanced and 1,543 declined on total volume of 5.7 billion shares.

Japan's Nikkei 225 index picked up 215.55 points, or 1.66 percent, to close at 13,230.13.

Britain's FTSE 100 index dropped 0.7 percent, or 43.34 points to 6,116.17.

The 10-year treasury note yielded 2.539 percent.

On currency markets, the euro dropped to $1.3128. Against the yen, the dollar was higher at 97.89 yen.

Gold gained $5.80, or 0.5 percent, to $1,292.10 an ounce on the New York Mercantile Exchange's Comex division while silver closed up by 14 cents, or 0.7 percent, to $19.96 an ounce.

Crude oil prices shed $1.45 in trading Friday to settle at $93.69 a barrel on the New York Mercantile Exchange.

On the Chicago Board of Trade, July corn finished off 11 1/2 cents at $6.61 3/4, soybeans lost 4 1/4 cents to $14.93 1/4 and wheat dipped 2 1/2 cents to $6.98 as dryer weather allowed increased planting in the Midwest and wheat harvest activity in Kansas.

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