News Column

Markets Down Early Monday

March 4, 2013

U.S. stock indexes slipped early Monday, following downturns in Asia and Europe.

In midmorning trading on Wall Street, the Dow Jones industrial average shed 40.26 points or 0.29 percent to 14,049.40.

The Standard and Poor's 500 dropped 2.28 points or 0.15 percent to 1,515.94.

The Nasdaq composite gave up 6.33 points, or 0.2 percent, to 3,163.41.

The 10-year U.S. treasury note fell 5/32 to yield 1.863 percent.

Against the dollar the euro was lower at $1.301 from Friday's $1.3014. Against the yen, the dollar was down to 93.44 yen from 93.64 yen.

In Tokyo, the Nikkei 225 rose 0.4 percent on a gain of 45.91 points, to 11,652.29.

Although the Nikkei was up slightly, most major indexes were lower following news that China's manufacturing sector was at a four-month low and unemployment was at a record 11.9 percent in the eurozone.



Source: Copyright United Press International 2013


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