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June 30, 2009

U.S. markets slip Tuesday

U.S. markets dropped on the last day of the second quarter after a closely-watched index said home prices continued to decline in April.

The S&P/Case-Shiller home-price index released Tuesday said prices fell in 14 of 20 U.S. cities in the month.

In early afternoon trading, the Dow Jones industrial average lost 122.28 points, or 1.43 percent, to 8,407.10. The Standard & Poor's 500 slipped 1.42 percent, 13.19 points, to 914.04. The Nasdaq composite index lost 17.60 points, 0.95 percent, to 1,826.46.

The benchmark 10-year U.S. Treasury bond fell 1/32 to yield 3.483 percent.

The euro fell to $1.4019, compared to Monday's $1.408. Against the Japanese yen, the dollar rose to 96.34. yen, compared to Monday's 96.02 yen.

In Tokyo, the Nikkei average added 174.97 points to 9,958.44, up 1.79 percent.

In London, the FTSE 100 index dropped 1.04 percent, 44.82 points, to 4,249.21.