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Markets Sputter To Close Out Week

Jan. 27, 2012
bear market



Fourth-quarter economic growth of 2.8 percent announced by the U.S. Department of Commerce Friday failed to lift markets out of the doldrums.

By close of trading, the Dow Jones industrial average lost 74.17 points, 0.58 percent, to 12,660.46. The Standard & Poor's 500 index dropped 2.10 points, 0.16 percent, to 1,316.33. The tech-dominated Nasdaq composite index added 11.27 points, 0.4 percent, to 2,816.55.

On the New York Stock Exchange, 1,944 stocks advanced and 1,062 declined on a volume of 3.6 billion shares traded.

The benchmark 10-year treasury note rose 12/32 to yield 1.895 percent.

The euro rose to $1.322 from Thursday's $1.3109. Against the yen, the dollar fell to 76.84 yen from Thursday's 77.45 yen.

In Tokyo, the Nikkei 225 index lost 0.09 percent, 8.25, to 8,841.22.

In London, the FTSE 100 index shed 1.07 percent, 61.75, to 5,733.45.



Source: Copyright United Press International 2012


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