News Column

Retail Sales Numbers Halt Market Slide Tuesday

August 13, 2013
stock market numbers

U.S. markets found traction Tuesday on a Census Bureau report saying retail sales rose for the fourth straight month in July.

At 0.2 percent, retail sales gains were modest and shy of expectations. Economists had predicted a gain of 0.3 percent.

The Dow Jones industrial average and the Standard & Poor's 500 both rose after dropping for five of the previous six sessions in New York. That made some prices hard to turn down.

The Dow Tuesday added 31.33 points, or 0.2 percent, to close at 15,451.01. The S&P 500 gained 4.69 points or 0.28 percent to 1,694.16.

The technology-heavy Nasdaq composite index added 14.49 points, or 0.39 percent, to close at 3,684.44.

On the New York Stock Exchange, 1,263 shares advanced and 1,826 declined on a volume of 3 billion shares traded.

The benchmark 10-year treasury note slipped 28/32 to yield 2.722 percent.

In Asia, Japan's Nikkei 225 stock index added 2.57 percent or 347.57 points to close at 13,867.

Britain's FTSE 100 index rose 0.57 percent or 37.60 points to close at 6,611.94.

Crude-oil futures advanced with a gain of 43 cents to $106.54 per barrel of light, sweet, September delivery crude priced on the New York Mercantile Exchange.

Gold for December delivery dropped after four straight winning sessions. Gold Tuesday lost $13.20 to settle at $1,321 a troy ounce on the New York Mercantile Exchange.

September silver gained 9.1 cents to reach $21.43 an ounce.

The euro rose to $13,269. Against the yen, the dollar rose to 96.19 yen.

On the Chicago Board of Trade, corn for December delivery lost 16 cents to $4.48 a bushel. Soybeans for November added 1 3/4 cents to $12.27 a bushel. December delivery wheat shed 8 1/2 cents to $6.40 1/2 a bushel.




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Source: Copyright UPI 2013


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