News Column

Markets Flat After US Commerce Reports Trade Gap Rise

Jan 11 2013

U.S. markets were flat Friday after the U.S. Commerce Department said the trade gap rose in November.

The trade increased from $42.1 billion in October to $48.7 billion, with the gain in imports, up $8.4 billion, far outpacing the month's $1.7 billion gain in exports.

In early afternoon trading on Wall Street, the Dow Jones industrial average was up 7.75 points or 0.06 percent to 13,478.97. The Nasdaq composite added 1.26 points or 0.04 percent to 3,123.02. The Standard and Poor's 500 shed 1.50 points or 0.1 percent to 1,470.62.

The 10-year treasury note rose 6/32 to yield 1.882 percent.

Against the dollar, the euro rose to $1.3346 from Thursday's $1.3269 The dollar was higher at 89.16 yen from 88.78 yen.

In Tokyo, the Nikkei 225 index added 1.4 percent or 148.93 points to 10,801.57.

In London, the FTSE 100 index added 0.33 percent, 20.07 points, to 6,121.58.

Source: Copyright United Press International 2013