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Markets flat Monday

Markets flat Monday

NEW YORK, Aug. 12 (UPI) -- The Dow Jones industrial average and the Standard & Poor's 500 both dropped for the fifth session out of the past six in New York Monday.

The Dow shed 5.83 points, or 0.04 percent, to close at 15,419.68, while the S&P 500 gave up 1.95 points or 0.12 percent to 1,689.47.

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The technology-heavy Nasdaq composite index found some traction, adding 9.84 points, or 0.27 percent, to close at 3,669.95, as Canadian smartphone pioneer BlackBerry said it had formed a special committee to explore the possibility of selling itself and Apple was reportedly close to announcing its next generation iPhone was on the way.

That announcement is expected Sept. 10, the Economic Times reported.

RELATED BlackBerry considering selling itself

On the New York Stock Exchange, 1,636 shares advanced and 1,426 declined on a volume of 2.7 billion shares traded.

The benchmark 10-year treasury note slipped 11/32 to yield 2.622 percent.

In Asia, Japan's Nikkei 225 stock index lost 0.7 percent or 95.76 points to close at 13,519.43.

RELATED Economic growth shifting to developed economies

Britain's FTSE 100 index rose shed 0.14 percent or 9.05 points to close at 6,574.34.

Crude-oil futures advanced with a gain of 18 cents to $106.15 per barrel of light, sweet, September delivery crude priced on the New York Mercantile Exchange.

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Gold for December delivery rose for the fourth straight session, adding $23.10, or 1.76 percent, to close at $1,335.10 a troy ounce on the New York Mercantile Exchange. Gold is suddenly in vogue as a hedge against the recently stumbling equity market.

RELATED Reports this week start slow and build

September silver gained 91.3 cents to settle at $1.32 an ounce.

The euro rose to $1.3303. Against the yen, the dollar rose to 96.80 yen.

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