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US stock markets mixed

10 June 2009 07:55 (UTC +04:00)

Baku - APA-Economics. Investors reacted coolly to word that 10 of the nation’s largest banks can repay $68 billion in bailout money, AP reported.
Stocks mostly rose in quiet trading Tuesday after the Treasury Department’s widely expected announcement that some of the 19 banks would be allowed to give back the money they received from the $700 billion rescue fund created by Congress last October at the height of the financial crisis.
According to preliminary calculations, the Dow is down 1 at 8,763. The Standard & Poor’s 500 index is up 3 at 942. The Nasdaq is up 17 at 1,860.
Three stocks rose for every two that fell on the New York Stock Exchange, where volume came to a relatively low 1.1 billion shares.
Aluminum producer Alcoa Inc. rose 35 cents, or 3.3 percent, to $11.12 and U.S. Steel Corp. rose $2.61, or 7.4 percent, to $37.67. In energy, Occidental Petroleum rose 99 cents to $69.32.
Bond prices were mixed. The benchmark 10-year Treasury note rose, pushing its yield down to 3.86 percent from 3.89 percent late Monday.
In other trading, the Russell 2000 index of smaller companies rose 4.84, or 0.9 percent, to 529.63.
About three stocks rose for every two that fell on the New York Stock Exchange, where volume came to 746.8 million shares compared with 773.7 million shares traded at the same time Monday.
Overseas, Britain’s FTSE 100 slipped less than 0.1 percent, Germany’s DAX index fell 0.1 percent, and France’s CAC-40 rose 0.2 percent. Japan’s Nikkei stock average fell 0.8 percent.