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World market indices mixed

04 May 2009 09:03 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Chrysler’s bankruptcy is testing Wall Street’s resilience, AP reported.
After rising sharply in early trading Thursday, the Dow Jones industrial average pared its gains and traded down about 40 points after President Barack Obama confirmed that Chrysler LLC will be going through bankruptcy. The proceedings will last up to 60 days.
In late trading, the Dow retreated 38.32, or 0.5 percent, to 8,147.41, after rising more than 121 points.
The Standard & Poor’s 500 index fell 4.51, or 0.5 percent, to 869.13, and the Nasdaq composite index fell 0.83, or 0.1 percent, to 1,711.11.
The Russell 2000 index of smaller companies fell 2.69, or 0.6 percent, to 488.78.
About five stocks rose for every four that fell on the New York Stock Exchange, where volume came to 1.05 billion shares.
Government bonds were mixed. The yield on the 10-year Treasury note rose to 3.12 percent from 3.11 percent late Wednesday.
The dollar was mixed against other major currencies. Gold prices fell.
Light, sweet crude rose 15 cents to $51.12 a barrel on the New York Mercantile Exchange.
Overseas, Japan’s Nikkei stock average jumped 3.9 percent. Britain’s FTSE 100 rose 1.3 percent, Germany’s DAX index rose 1.4 percent and France’s CAC-40 rose 1.4 percent.