Bourse

Home page

Bourse

US market indices ended last week low

08 September 2008 09:44 (UTC +04:00)

Baku. Vugar Mustafayev - APA-Economics. The Dow Jones industrial average rose 32.73, or 0.29 percent, to 11,220.96; the blue chips had been down 150 points at their lows of the session.
Broader stock ended mixed. The Standard & Poor’s 500 index rose 5.48, or 0.44 percent, to 1,242.31, and the Nasdaq composite index fell 3.16, or 0.14 percent, to 2,255.88.
For the week, the Dow lost 2.8 percent, its fourth straight week of losses and the biggest drop since late June. The S&P 500 gave up 3.2 percent and the technology-heavy Nasdaq, home to many stocks seen as riskier than the blue chips, fell 4.7 percent.
Bond prices fell Friday as investors took profits from the gains logged earlier in the week. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.69 percent from 3.62 percent late Thursday.
Light, sweet crude settled down $1.66 to $106.23 a barrel on the New York Mercantile Exchange.
Among financials carving out advances, Citigroup Inc. rose 77 cents, or 4.2 percent, to $19.07, while Bank of America Corp. rose $1.63, or 5.3 percent, to $32.23. Wachovia Corp. rose $1.22, or 7.9 percent, to $16.75.
Energy names slipped as oil continued its drop. Chevron Corp. declined $1 to $80.22, while ConocoPhillips fell $1.05 to $75.43.
Advancing issues narrowly outnumbered decliners on the New York Stock Exchange, where consolidated volume came to 4.91 billion shares compared with 5.11 billion shares traded Thursday.
The Russell 2000 index of smaller companies rose 0.23, or 0.03 percent, to 718.85.
Investors overseas sent shares sharply lower on concerns about America’s effect on global growth.
Japan’s Nikkei stock fell 2.75 percent. In Europe, Britain’s FTSE 100 ended down 2.26 percent, Germany’s DAX index dropped 2.42 percent, and France’s CAC-40 shed 2.49 percent.
The Dow Jones industrial average ended the week down 322.59, or 2.79 percent, at 11,220.96. The Standard & Poor’s 500 index finished down 40.52, or 3.16 percent, at 1,242.31. The Nasdaq composite index ended the week down 111.64, or 4.72 percent, at 2,255.88.