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US, European market indices drop

07 April 2009 08:42 (UTC +04:00)

Baku - APA-Economics. The Dow Jones industrials fell 41.74, or 0.5 percent, to 7,975.85 after being down as much as 155 points, AP reports.
The Standard & Poor’s 500 index fell 7.02, or 0.8 percent, to 835.48, while the Nasdaq composite index fell 15.16, or 0.9 percent, to 1,606.71.
The Russell 2000 index of smaller companies fell 8.57, or 1.9 percent, to 447.56.
More than two stocks fell for every one that rose on the New York Stock Exchange, where volume came to a light 1.3 billion shares.
Treasurys fell, pushing the yield on the 10-year note up to 2.94 percent from 2.90 percent late Friday. The dollar was mixed against other major currencies, and gold prices fell to their lowest close in more than two months as demand has waned for safe-haven assets.
Light, sweet crude for May delivery fell $1.46 to settle at $51.05 a barrel on the New York Mercantile Exchange.
Overseas, Britain’s FTSE 100 slipped 0.9 percent, while Germany’s DAX index fell 0.8 percent and France’s CAC-40 fell 1.0 percent as stocks fell on Wall Street. Japan’s Nikkei stock average rose 1.2 percent.