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Market indices fluctuate

16 April 2009 09:32 (UTC +04:00)

Baku - APA-Economics. Uneasy investors had only a modest appetite for stocks Wednesday after getting more evidence that the economy is still struggling, AP reports.
Stocks fluctuated in midday trading. The Dow Jones industrial average rose 25.81, or 0.3 percent, to 7,945.99.
Broader stock indicators fell. The Standard & Poor’s 500 index rose 1.07, or 0.1 percent, to 842.57, and the Nasdaq, reflecting disappointment about Intel’s report, fell 17.51, or 1.1 percent, to 1,608.21.
Consumer stocks posted some of the biggest gains. Procter & Gamble Co., the maker of Tide detergent and Crest toothpaste, rose $1.13, or 2.4 percent, to $48.38.
Intel pushed tech companies lower. The stock 65 cents, or 4.1 percent, to $15.36.
In a sign of further weakness in the economy, Yahoo Inc. and European bank UBS AG both are cutting jobs.
In other market moves, the Russell 2000 index of smaller companies rose 1.23, or 0.3 percent, to 454.45.
Advancing issues outnumbered decliners by about 4 to 3 on the New York Stock Exchange, where volume came to 526.8 million shares.
Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.82 percent from 2.79 percent late Tuesday.
The dollar was mixed against other major currencies, while gold prices rose.
Overseas, Japan’s Nikkei stock average fell 1.1 percent. In afternoon trading, Britain’s FTSE 100 fell 0.9 percent, Germany’s DAX index declined 0.4 percent, and France’s CAC-40 fell 0.8 percent.