US, European stocks down

US, European stocks down
# 04 March 2010 09:25 (UTC +04:00)
Baku. APA-Economics. Stocks had been up for three straight days so some slowdown wasn’t surprising. Major stock indexes stand at their highest levels since mid-January, when the Standard & Poor’s 500 index began a 9 percent drop on concerns that the market was getting too far ahead of the still-struggling economy, Association Press reported.

The Dow fell 9.22, or 0.1 percent, to 10,396.76. It had risen nearly 64 points during trading.

The broader S&P 500 index rose 0.48, or less than 0.1 percent, to 1,118.79, its highest close since Jan. 20. The Nasdaq composite index slipped 0.11, or less than 0.1 percent, to 2,280.68.

Bond prices fell, pushing yields higher. The yield on the benchmark 10-year Treasury note rose to 3.63 percent from 3.61 percent late Tuesday.

The dollar was mixed against other major currencies. Gold rose.

Crude oil rose $1.19 to $80.87 per barrel on the New York Mercantile Exchange.

Among stocks, Novell jumped $1.33, or 28 percent, to $6.08.

The Russell 2000 index of smaller companies rose 0.95, or 0.2 percent, to 649.26.

Britain’s FTSE 100 rose 0.9 percent, Germany’s DAX gained 0.7 percent, and France’s CAC-40 rose 0.8 percent. Japan’s Nikkei stock average rose 0.3 percent.