News Column

Markets Close Mixed on China Data

May 13, 2013

U.S. stock indexes closed mixed Monday following disappointing economic data from China.

The Dow Jones industrial average lost 26.81 points, 0.18 percent to 15,091.68. The Standard and Poor's 500 index added less than 0.01 percent, gaining 0.07 points to 1,633.77.

The Nasdaq composite index gained 2.21 points, 0.06 percent, to 3,438.79.

On the New York Stock Exchange, 1,246 stocks advanced and 1,870 declined on a volume of 2.8 billion shares traded.

Industrial production and fixed asset investments in China rose in April but fell short of expectations, putting pressure on oil prices and nudging the Shanghai Composite Index down 0.2 percent.

The 10-year treasury note fell 5/32 to yield 1.92 percent.

The U.S. dollar fell to 101.86 yen from Friday's 101.90 yen. The euro fell to $1.2969 from $1.2974.

In Japan, the Nikkei 225 index added 1.2 percent -- 174.67 points -- to 14,782.21. In Britain, the FTSE 100 index gained 0.1 percent, 6.78 points, to 6,631.76.

Gold was down, dropping $6.90 to $1,429.70 per troy ounce.

West Texas Intermediate crude oil gave up $1.03 to $95.01 per barrel.

On the Chicago Board of Trade, corn for July delivery added 20 cents to $6.56 1/4 per bushel. Soybeans for July gained 20 cents to $14.19. Wheat for July added 6 3/4 cents to $7.11.




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Copyright UPI 2013


Story Tools