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Stock market indexes tread water in light trading

Stock market indexes tread water in light trading

NEW YORK, Aug. 5 (UPI) -- U.S. stock market indexes treaded water Monday, ending up or down a fraction in quiet trading.

The Dow Jones industrial average was down 46.23 points, or 0.3 percent, to close at 15,612.13.

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The technology-dominated Nasdaq was up 3.36 points, or 0.09 percent, at 3,692.95.

The Standard & Poor's 500 index slipped 2.53 points, or 0.15 percent, at 1707.14.

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Volume on the New York Stock Exchange was a light 2.73 billion shares traded, compared with a recent average 3.4 billion. Declining issues outnumbered advancers 1,812 to 1,259.

The 10-year Treasury note Monday fell 11/32 to yield 2.643 percent.

On Foreign markets, Japan's Nikkei 225 stock index fell 208.12, or 1.44 percent, to close at 14,258.04 as a stronger yen put pressure on Japanese shares. China's Shanghai Composite rose 1 percent ahead of the country's economic update for July at the end of the week.

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Britain's FTSE 100 index lost 28.29, or 0.43 percent, at 6,619.58.

Oil fell slightly, with benchmark crude for September delivery dropping 38 cents to close at $106.56 on the New York Mercantile Exchange. Prices dropped as much as $1.24 in intraday trading. Brent crude, traded on the ICE Futures exchange in London, slipped 25 cents to $108.70 a barrel.

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Gold futures slid 0.6 percent to settle at $1,302.60 a troy ounce on the Commodity Exchange. Gold traded as high as $1,320.30 and as low as $1,296.70. Gold bullion closed in London at $1,304.

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Silver futures dipped 1 percent $19.76 an ounce. Monday's high for silver was $20.03, while the low was $19.57.

The U.S. dollar fell 0.7 percent to 98.30 yen after sliding 0.6 percent Friday, while rising 0.1 percent to $1.3258 a euro.

On the Chicago Board of Trade, September corn futures slid to near three-year lows, ending down 6.75 cents, or 1.4 percent, at $4.69 a bushel. Wheat closed down 3.5 cents, or 0.5 percent, at $645.25.

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