News Column

Markets Cold Monday Morning

Sept. 10, 2012
stock market down

U.S. stock indexes retreated slightly Monday morning following mixed to flat market activity in Asia and Europe.

Driving the doldrums, a report from China said imports fell 2.6 percent in August from August 2011. Chinese export growth was a disappointing 2.7 percent over the same period.

In midmorning trading on Wall Street, the Dow Jones industrial average lost 14.21 points, or 0.11 percent, to 13,292.43. The tech-heavy Nasdaq Composite index shed 11.34 points, or 0.36 percent, to 3,125.08. The Standard and Poor's 500 gave up 1.25 points, or 0.09 percent, to 1,436.67.

The benchmark 10-year treasury rose 1/32 to yield 1.668 percent.

The euro fell to $1.2786 from Friday's $1.2816. Against the yen, the dollar fell to 78.24 yen from 78.26 yen.

In Tokyo, the Nikkei 255 index rose 0.03 percent, 2.28 points, to 8,869.10.



Source: (c) 2012United Press International via Screaming Media


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