News Column

Markets Hang Onto Gains; Dow, S&P Hit Highs

July 12, 2013
Wall Street

Equity markets held onto thin gains Friday to put the Dow Jones industrial average and the S&P 500 index at record closing highs.

The DJIA added only 3.38 points or 0.02 percent to 15,464.30. The Standard & Poor's 500 gained 5.17 points or 0.31 percent to 1,680.19.

The tech-heavy Nasdaq composite index added 21.78 points or 0.61 percent to 3,600.08.

The Nasdaq is not close to its closing high above 5,000 points set in March 2000.

Aircraft maker Boeing led blue chip declines Friday with stock prices down 4.69 percent after investors caught wind of a third Dreamliner 787, this one occurring in an Ethiopian Airlines plane on the ground at London's Heathrow Airport.

On the New York Stock Exchange, 1,528 stocks advanced and 1,516 declined on a volume of 3 billion shares traded.

In Japan, the Nikkei 225 gained 0.23 percent or 33.67 points to 14,506.25. In Britain, the FTSE 100 added 0.02 percent or 1.53 points to 6,544.94.

The 10-year U.S. treasury note fell 4/32 to yield 2.593 percent.

Gold added $3.50 or 0.27 percent to close at $1,283.40 per troy ounce. Silver shed 0.36 percent to $19.885 per ounce, losing 7.1 cents.

West Texas Intermediate crude oil added $1.17 in after-hours trading to reach $105.55 per barrel.

The euro rose to $1.307 against the dollar. Against the yen, the dollar rose to 99.31 yen.

On the Chicago Board of Trade, December corn shed 19 1/42 cents to $5.07 3/4, November soybeans lost 31 3/4 cents to $12.59 and September wheat gave up 1 3/4 cents to $6.81 1/4.

Source: Copyright UPI 2013

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