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World stock markets mixed on Friday

22 June 2009 07:45 (UTC +04:00)

Baku- APA-Economics. The Dow Jones industrial average fell 15.87, or 0.2 percent, to 8,539.73, with 16 of the 30 stocks that make up the average posting losses. The broader Standard & Poor’s 500 index rose 2.86, or 0.3 percent, to 921.23 and the Nasdaq composite index gained 19.75, or 1.1 percent, to 1,827.47.
About three stocks rose for every two that fell on the New York Stock Exchange, where consolidated volume came to a heavy 5.47 billion shares, compared with 4.58 billion shares the day before.
All the major indexes closed the week down for the first time since the week of May 11. The Dow lost 3 percent, the S&P 500 index fell 2.6 percent, and the Nasdaq shed 1.7 percent.
Bond prices rose slightly after sliding Thursday ahead of a spate of auctions next week. The yield on the benchmark 10-year Treasury note fell to 3.78 percent from 3.81 percent late Thursday.
Investors have been keeping a close eye on the bonds market recently, concerned that a run-up in Treasury yields will lead to higher borrowing costs and potentially erode some of the economy’s progress. Long-term Treasury yields are closely linked to interest rates on mortgages, which have been rising in recent weeks.
Tech stocks moved higher as Apple Inc.’s latest version of its popular iPhone hit store shelves. Apple shares added $3.60, or 2.7 percent, to $139.48, while rival smart phone maker Palm Inc. jumped more than 6 percent, rising 87 cents to $13.93.
Oil prices reversed early gains and fell $1.82 to settle at $69.55 a barrel in light trading as the contract was set to close Monday.
The dollar fell against the euro and the British pound. Gold prices rose.
Overseas, Japan’s Nikkei stock average rose 0.9 percent. Britain’s FTSE 100 rose 1.5 percent, Germany’s DAX index rose 0.04 percent, and France’s CAC-40 rose 0.9 percent.
BlackBerry maker Research in Motion Ltd. reported a better-than-expected 33 percent increase in first-quarter earnings, but shipments were below expectations. The stock dropped $3.77, or 4.9 percent, to $72.78.
In other trading, the Russell 2000 index of smaller companies rose 3.24, or 0.6 percent, to 512.72.