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US market indices drop

29 April 2009 08:19 (UTC +04:00)

Baku - APA-Economics. U.S. markets were flat Tuesday amid concerns about banks and home prices, which, a new report shows, fell further in February, UPÄ° reported.
The Standard & Poor’s Case-Shiller Home Price Index, released Tuesday, fell 18.6 percent in February compared to a year ago, a small improvement over the 19 percent annual drop recorded in January.
Consumer confidence gained "considerably" in April, the Conference Board said. But, investors put in a long day and only came close to breaking even.
By close, the Dow Jones industrial average lost 0.1 percent, 8.05 points, to 8,016.95. The Standard & Poor’s 500 lost 2.35 points, 0.27 percent, 855.16. The Nasdaq composite index fell 0.33 percent, 5.60 points, to 1,673.81.
On the New York Stock Exchange, 1,581 stocks advanced and 1,409 declined on a volume of 6 billion shares traded.
The benchmark 10-year U.S. Treasury bond fell 25/32 to yield 3.007 percent.
The euro rose to $1.3147, compared to Monday’s $1.3032. Against the Japanese yen, the dollar fell to 96.43 yen, compared to Monday’s 96.80 yen.
In Tokyo, the Nikkei average lost 232.57 points, 2.67 percent, to 8,493.77.
In London, the FTSE 100 index dropped 70.61, 1.69 percent, to 4,096.40.