Bourse

Home page

Bourse

US market indices drop

06 May 2009 08:04 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Stocks held steady Tuesday, a day after a rally and ahead of results of the government’s stress tests of banks, AP reported.
According to preliminary calculations, the Dow slipped 16.09, or 0.2 percent, to 8,410.65. The Standard & Poor’s 500 index fell 3.44, or 0.4 percent, to 903.80, leaving it essentially flat for the year. The Nasdaq composite index lost 9.44, or 0.5 percent, to 1,754.12.
The Russell 2000 index of smaller companies fell 4.27, or 0.8 percent, to 502.55.
About eight stocks fell for every seven that rose on the New York Stock Exchange, where volume came to 1.5 billion shares.
Bond prices dipped, pushing the yield on the 10-year Treasury note up to 3.17 percent from 3.16 percent late Monday. Mortgage rates were mixed. The average overnight rate for a 30-year fixed rate was 5.03 percent, up from 4.86 percent last week, according to Bankrate.com.
The dollar was mixed against other major currencies, while gold prices rose.
Light, sweet crude fell 63 cents to settle at $53.84 per barrel on the New York Mercantile Exchange.
Overseas, Britain’s FTSE 100 rose 2.2 percent, Germany’s DAX index fell 1 percent, and France’s CAC-40 fell 0.4 percent. Markets in Japan were closed for a national holiday.