News Column

Markets Flat, Dow Up Thursday

March 31, 2011

U.S. markets were flat Thursday after a positive report from the Labor Department and a slight downturn in factory orders reported by Commerce.

The Commerce Department said factory orders in February dropped 0.1 percent or $400 million to $446 billion. At the Labor Department, the weekly report on initial benefit claims for unemployment insurance showed a drop of 6,000 first-time claims to 388,000 in the week ending March 26.

In afternoon trading in New York, the Dow Jones industrial average added 6.02 points, 0.05 percent, to 12,356.63. The Standard & Poor's 500 index added 0.44 points, 0.03 percent, to 1,328.70. The Nasdaq composite index gained 1.32, 0.05 percent, to 2,778.11.

The 10-year treasury note fell 4/32 to yield 3.461 percent.

The euro rose to $1.4202 from Wednesday's $1.4126. Against the yen, the dollar rose to 82.93 yen from Wednesday's 82.90 yen.

The Nikkei 225 stock index in Tokyo rose 0.48 percent, 46.31, to 9,755.10.

The FTSE 100 index in London lost 0.66 percent, 39.54, to 5,908.76.

Source: Copyright United Press International 2011

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