News Column

Investors Find 'Comfort Zone'

Feb 6, 2013
Markets

U.S. markets eased back Wednesday with investors finding a comfort zone after a four-week winning streak.

Stocks have moved up and down through the week and eased back Wednesday despite an upbeat corporate report from entertainment giant Walt Disney.

With no major reports scheduled for Wednesday release, the Dow Jones industrial average gave up 30.49 points or 0.22 percent to 13,948.81. The Nasdaq composite index lost 10.38 points or 0.33 percent to 3,161.20. The Standard & Poor's 500 shed 3.73 points or 0.25 percent to 1,507.56.

The 10-year treasury note rose 11/32 to yield 1.965 percent.

Against the dollar, the euro fell to $1.3514 from Tuesday's $1.3582. The dollar fell to 93.39 yen from 93.65 yen.

In Tokyo, the Nikkei 225 index soared, adding 416.83 points, 3.77 percent, to 11,463.75.

In London, the FTSE 100 index rose 0.2 percent, 12.58 points, to 6,295.34.


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Source: Copyright United Press International 2013


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