News Column

Markets Drop a Touch on Thursday

May 9, 2013
Wall Street

U.S. stock indexes fell modestly Thursday, leaving off the record-chasing for a day.

The Standard and Poor's 500 ended at its fifth consecutive best closing high Wednesday but Thursday the index gave up 6.02 points, 0.37 percent, to 1,626.67.

The Dow Jones industrial average lost 22.50 points -- 0.15 percent -- to 15,082.62. Although down on the day, the Dow closed at more than 15,000 points for the third time. The first two were Tuesday and Wednesday.

The Nasdaq composite index shed 4.10 points, 0.12 percent, to 3,409.17.

On the New York Stock Exchange, 1,119 stocks advanced and 1,985 declined on a volume of 3.4 billion shares traded.

The 10-year treasury note rose 1/32 to yield 1.812 percent.

The U.S. dollar rose to 100.58 yen from Wednesday's 99.02 yen, the yen reaching its lowest point against the dollar in four years.

The euro fell to $1.3039 from $1.3153.

In Japan, the Nikkei 225 index lost 0.66 percent -- 94.21 points -- to 14,191.48. In Britain, the FTSE 100 index gained 0.14 percent, 9.26 points, to 6,592.74.

Gold was down, dropping $17.30 to $1,456.40 per troy ounce.

West Texas Intermediate crude oil gave up 63 cents $96.96 per barrel.

On the Chicago Board of Trade, corn for July delivery added 14 1/2 cents to $6.47 1/2 per bushel. Soybeans for July gained 19 1/4 cents to $14.10. Wheat for July added 18 cents to $7.24.

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Source: Copyright UPI 2013

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