January 7, 2009
U.S. markets down Wednesday morning
U.S. stocks indexes were lower Wednesday morning after Alcoa Inc. said it would shed 13,500 jobs.
Challenger, Gray & Christmas Inc., an international outplacement consultancy, said December's layoff announcements were a record for the month, while ADP and Macroeconomic Advisors said 693,000 non-farm jobs were lost in December.
The benchmark 10-year U.S. Treasury bond fell 8/32 to yield 2.484 percent.
The euro rose to $1.367, compared to Tuesday's $1.3522. Against the Japanese yen, the dollar fell to 93.02 yen, down from Tuesday's 93.85 yen.
In Tokyo, the Nikkei average gained 158.40 points to 9,239.24, up 1.74 percent.