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Market indices mixed

03 February 2009 08:54 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. The Dow Jones industrial average, meanwhile, fell 64.11, or 0.80 percent, to 7,936.75, hurt by sliding industrial, energy and financial stocks. The Standard & Poor’s 500 index slipped 0.45, or 0.05 percent, to 825.43. Both indexes had their worst January ever as investors, increasingly uneasy about the economy, gave back the gains from Wall Street’s late-2008 rally, AP reports.
Among financial stocks, Bank of America Corp. tumbled 58 cents, or 8.8 percent, to $6. JPMorgan Chase & Co. shed 32 cents, or 1.3 percent, to $25.19.
The Russell 2000 index of smaller companies rose 6.08, or 1.37 percent, to 449.61.
Declining issues outnumbered advancers by about 8 to 7 on the New York Stock Exchange, where volume came to 1.33 billion shares.
Bond prices were mixed. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.72 percent from 2.85 percent late Friday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.26 percent from 0.22 percent late Friday.
The dollar was mostly higher against other major currencies, while gold prices fell.
Light, sweet crude fell $1.60 to settle at $40.08 a barrel on the New York Mercantile Exchange.
Overseas, Britain’s FTSE 100 fell 1.73 percent, Germany’s DAX index fell 1.55 percent, and France’s CAC-40 fell 1.48 percent. Japan’s Nikkei stock average fell 1.50 percent.