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US markets remain low

23 January 2009 08:36 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow fell 105.30, or 1.28 percent, to 8,122.80.
Broader market indexes recovered some of their losses but still showed big drops. The Standard & Poor’s 500 index fell 12.74, or 1.52 percent, to 827.50. The technology-heavy Nasdaq composite index dropped 41.58, or 2.76 percent, to 1,465.49 after the Microsoft news.
The Russell 2000 index of smaller companies fell 13.91, or 3.05 percent, to 442.85.
The dollar rose against other major currencies, while gold prices rose.
Light, sweet crude rose 12 cents to settle at $43.67 a barrel on the New York Mercantile Exchange.
The biggest decliners among financial stocks Thursday included Bank of America, which tumbled 97 cents, or 14.5 percent, to $5.71, and Citigroup Inc., which dove 56 cents, or 15 percent, to $3.11.
Tech shares took a hit following Microsoft’s report, though computer and electronic gadget maker Apple Inc. reported fiscal first-quarter profit and revenue that topped analysts’ projections.
Microsoft dropped $2.27, or 12 percent, to $17.11, while Apple gained $5.53, or 6.7 percent, to $88.36.
Britain’s FTSE 100 slipped 0.19 percent, Germany’s DAX index fell 0.98 percent, and France’s CAC-40 fell 1.24 percent. Japan’s Nikkei stock average rose 1.9 percent.