US markets mixed on bankruptcy report

US markets mixed on bankruptcy report
# 01 May 2009 07:47 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. U.S. stock indexes were mixed Thursday after President Barack Obama said Chrysler LLC would file for bankruptcy protection, UPI reported.
Earlier, investors shrugged off Commerce Department reports that the gross domestic product fell 6.1 percent in the first quarter and consumer spending fell 0.2 percent in March. A bankruptcy filing by Chrysler, a private company, could still upset public companies as parts companies would be affected, a problem that could haunt General Motors and Ford.
By close, the Dow Jones industrial average fell from a morning gain of more than 84 points to loss of 17.61, off 0.22 percent, to 8,168.12. The Standard & Poor’s 500 fell 0.1 percent, 0.83 points, to 872.81. The Nasdaq composite index gained 5.36 points, 0.31 percent, to 1,717.30.
On the New York Stock Exchange, 1,672 stocks advanced and 1,373 declined on a volume of 6.4 billion shares traded.
The benchmark 10-year U.S. Treasury bond was fell 3/32 to yield 3.119 percent.
The euro fell to $1.3228, compared to Wednesday’s $1.323. Against the Japanese yen, the dollar rose to 98.67 yen, compared to Wednesday’s 97.62 yen.
In Tokyo, the Nikkei average rose 3.94 percent, 334.49 points to 8,828.26.
In London, the FTSE 100 index rose 54.12 points, 1.29 percent, to 4,243.71.