July 7, 2009

U.S. markets edge lower Tues

U.S. markets headed lower Tuesday on the day before corporate reporting season begins on Wall Street.

Markets often stall before major announcements. Corporate reports amount to six weeks of detailed announcements on the health of public corporations.

In midmorning trading Tuesday, the Dow Jones industrial average lost 38.31 points or 0.46 percent. The Standard & Poor's 500 lost 3.01 or 0.33 percent to 895.71. The Nasdaq composite index shed 3.99 or 0.22 percent to 1,783.41.

The benchmark 10-year U.S. Treasury was unchanged, yielding 3.51 percent.

The euro rise to $1.3991, compared to Monday's $1.3979. Against the Japanese yen, the dollar fell to 95.076 yen, compared to Monday's 95.34 yen.

In Tokyo, the Nikkei average lost 33.08 points to 9,647.79, off 0.34 percent.