June 24, 2009

U.S. markets close mixed Wednesday

U.S. markets closed mixed Wednesday after the Commerce Department said durable goods orders beat economists' expectations in May.

Economists had expected a drop of 0.9 percent, but orders rose 1.8 percent, marking the third increase in the past four months.

By close, the Dow Jones industrial average lost 23.05 points, or 0.28 percent, to 8,299.86. The Standard & Poor's 500 rose 0.65 percent, 5.84 points, to 900.94. The Nasdaq composite index added 27.42 points, 1.55 percent, to 1,792.34.

On the New York Stock Exchange, 2,188 stocks advanced and 839 declined on a volume of 5.3 billion shares traded.

The benchmark 10-year U.S. Treasury bond fell 18/32 to yield 3.695 percent.

The euro fell to $1.3923, compared to Tuesday's $1.4079. Against the Japanese yen, the dollar rose to 95.25 yen, compared to Tuesday's 95.25 yen.

In Tokyo, the Nikkei average gained 40.71 points to 9,590.32, up 0.43 percent.

In London, the FTSE 100 index rose 1.18 percent, 49.96, to 4,279.98.