US market indices fell at last trading session

US market indices fell at last trading session
# 18 May 2009 07:55 (UTC +04:00)
Baku - APA-Economics. The stock market headed toward a lower open Friday as investors await reports that are expected to show that the economy’s slide continues to slow, AP reported.
The government will be releasing April consumer price and industrial production data before the trading day begins.
Although the market’s big indexes are headed toward a loss for the week, the Standard & Poor’s 500 is still up 32 percent since March 9.
Dow Jones industrial average futures fell 37, or 0.5 percent, to 8,249. Standard & Poor’s 500 index futures fell 5.80, or 0.7 percent, to 883.70, while Nasdaq 100 index futures fell 8.75, or 0.7 percent, to 1,345.
Bond prices rose. The yield on the 10-year Treasury note slipped to 3.08 percent from 3.09 percent late Thursday.
The dollar rose against other major currencies, while gold prices fell.
Light, sweet crude fell 80 cents to $57.82 in electronic trading on the New York Mercantile Exchange.
In overseas stock trading, Japan’s Nikkei stock average rose 1.9 percent. In late morning trading, Britain’s FTSE 100 was down 0.1 percent, Germany’s DAX index was down 0.2 percent, and France’s CAC-40 was down 0.4 percent.
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