News Column

Markets Hold Back Monday

Jan 28, 2013
stock indexes

U.S. stock indexes were mixed Monday morning in New York despite strong durable goods gains in December.

After a four-week winning streak, investors say a slowdown is overdue. The durable goods orders report also indicated growth in non-defense capital goods orders, a leading indicator. Markets held back, anyway.

By close of trading, the Dow Jones industrial average shed 5.02 points or 0.04 percent to 13,890.96.

The Nasdaq composite of tech-oriented stocks gained 11.01 points or 0.35 percent to 3,160.72. The Standard and Poor's 500 index lost 0.90 points or 0.06 percent to 1,502.06.

The 10-year treasury note fell 8/32 to yield 1.983 percent.

Against the dollar, the euro fell to $1.345 from Friday's $1.3466. The dollar fell to 90.76 yen from Friday's 91.03 yen.

In Tokyo, the Nikkei 225 index lost 0.94 percent, 102.34 points, to 10,824.31.


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Source: Copyright United Press International 2013


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