U.S. markets dropped Thursday morning, as the rally supported by the end of the fiscal cliff fears appears to have run its course.
In midmorning trading, after two sessions of sharp gains, the Dow Jones industrial average slipped 0.25 percent, giving up 33.83 points to 13,378.72. The Nasdaq shed 2.55 points or 0.08 percent to 3,109.71. The Standard and Poor's 500 lost 2.08 points, 0.14 percent, to 1,460.34.
The 10-year treasury note was off 4/32 to yield 1.854 percent.
The euro fell to $1.3103 from Wednesday's $1.3185. The dollar fell to 86.96 yen from 87.34 yen.
Markets in Japan were closed.
Most Popular Stories
- Homeowners More Satisfied With Mortgage Servicers
- Discounts Help U.S. Auto Sales Sizzle in July
- Russia, Ukraine Now Face Off Over Football Clubs
- Colorado Issuing Immigrant Driver's Licenses
- Recruiting and Keeping the Perfect Employee
- MassMutual Teams Up With ALPFA
- Chrysler U.S. Sales in July Hit 9-Year High
- Fiat Looks Abroad After Chrysler Merger Vote
- Dow Wipes Out Gains for the Year: What Happens Now?
- Obama Vows to Veto House Immigration Bill