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Markets mixed before bailout news

February 9, 2009

U.S. markets closed mixed Monday after the Treasury postponed an announcement about new rescue efforts for the nation’s troubled financial system.

A Treasury official said the bailout plan was intact, but undergoing minor adjustments, The Wall Street Journal reported.

The government planned to unveil its bailout strategies Tuesday.

After a day holding to narrow gains and slim losses, the Dow Jones industrial average closed down slightly. The index fell 0.12 percent, 9.72 points, to 8,270.87. The Standard & Poor’s 500 gained 0.15 percent, 1.30 points, to 869.90. The Nasdaq composite index lost 0.01 percent, 0.15 points to 1,591.56.

On the New York Stock Exchange, 1,653 stocks advanced and 1,383 declined on a volume of 7.5 billion shares traded.

The benchmark 10-year U.S. Treasury bond fell 5/32 to yield 3.015 percent.

The euro rose to $1.3015, compared to Friday’s $1.2926. Against the Japanese yen, the dollar fell to 91.46, down from Friday’s 92.01 yen.

In Tokyo, the Nikkei average fell 1.33 percent, 107.59 points, to 7,969.03.

In London, the FTSE 100 index gained 15.74 points, 0.37 percent, to 4,307.61.


Source: upi



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