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US markets up while others down

22 April 2009 08:10 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Investors traded stocks cautiously Tuesday as lackluster corporate results renewed questions about how quickly the economy can recover from the recession, AP reported.
Wall Street fluctuated in a narrow range as traders looked for signals about the market’s direction. Some back-and-forth was expected following heavy selling Monday and a flurry of corporate comments about the economy.
In late morning trading, the Dow Jones industrial average rose 10.11, or 0.1 percent, to 7,851.84.
Broader stock indicators rose. The Standard & Poor’s 500 index rose 3.41, or 0.4 percent, to 835.80, and the Nasdaq composite index rose 14.41, or 0.9 percent, to 1,622.62.
Bond prices were mixed. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.82 percent from 2.84 percent late Monday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.14 percent from 0.12 percent Monday.
Light, sweet crude fell 38 cents to $45.50 a barrel on the New York Mercantile Exchange.
The dollar slipped against other major currencies while gold prices fell.
Overseas, Japan’s Nikkei stock average fell 2.4 percent. In afternoon trading, Britain’s FTSE 100 fell 1.4 percent, Germany’s DAX index fell 1.1 percent, and France’s CAC-40 fell 1.4 percent.