News Column

Investors Cautious, Stocks Dip

Jan. 8, 2013

U.S. stock indexes slid Tuesday morning as investors remained cautious after last week's surge.

The European Union's data agency Eurostat reported unemployment rose October-to-November in the 17-nation currency region, climbing from 11.7 percent to 11.8 percent, a record high.

Despite the report, stocks were mixed in Europe.

In early afternoon trading on Wall Street, the Dow Jones industrial average lost 62.37 points or 0.47 percent to 13,321.92. The Nasdaq composite shed 9.32 points or 0.30 percent to 3,089.49. The Standard and Poor's 500 dropped 6 points or 0.41 percent to 1,455.89.

The 10-year treasury note rose 9/32 to yield 1.871 percent.

Against the dollar, the euro fell to $1.3078 from Monday's $1.3117. The dollar was lower at 87.20 yen from 87.79 yen.

In Tokyo, the Nikkei 225 index lost 0.86 percent or 90.95 points to 10,508.06.

In London, the FTSE 100 index fell 0.18 percent, 10.95 points, to 6,053.63.

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Source: Copyright United Press International 2013

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