News Column

US Markets Rally at Risk

Jan. 31, 2013

U.S. stock indexes were mixed Thursday after the Labor Department said first-time unemployment benefit claims rose in the week that ended Saturday.

With a four-week stock rally in jeopardy, the Dow Jones industrial average dropped 0.13 percent in early afternoon trading after the report indicated initial claims rose by 38,000 in the week, wiping out most of a 42,000 claim decline of the past two weeks.

The DJIA shed 17.84 points to 13,892.58. The Nasdaq composite of tech-oriented stocks added 3.82 points or 0.09 percent to 3,145.17. The Standard and Poor's 500 index lost 1.63 points or 0.11 percent to 1,500.33.

The 10-year treasury note was flat, yielding 1.991 percent.

Against the dollar, the euro rose to $1.3576 from Wednesday's $1.3567. The dollar rose to 91.34 yen from Wednesday's 91.09 yen.

In Tokyo, the Nikkei 225 index added 0.22 percent, 24.71 points, to 11,138.66.

In London, the FTSE 100 index shed 0.73 percent, 46.23 points, to 6,276.88.

Source: Copyright United Press International 2013

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