July 14, 2009
Stocks end day slightly up
U.S. stock indexes closed a ho-hum trading day Tuesday up slightly on the news that two U.S. measurements were up for June.
The Dow Jones industrial average finished trading up 27.81, or 0.33 percent, at 8,359.49 points. The Standard & Poor's 500 closed at 905.84 points, up 4.79, or 0.53 percent. The Nasdaq composite index ended the day at 1,799.73, up 6.52, or 0.36 percent.The Product Price Index and the Retail Price Index both posted gains of 0.6 percent in June.
On the New York Stock Exchange, late-afternoon trading had a volume of 4.1 billion shares.
The so-so activity came as the U.S. Bureau of Labor Statistics reported the Production Price Index rose 0.6 percent in June, the best gain in five months.
Retail sales of $342.1 billion for June rose 0.6 percent over May, but still remained 9.0 percent below June 2008, the U.S. Commerce Department said Tuesday.
Bonds dropped in value, with yields on 10-year U.S. Treasury notes rising to 3.426 percent.
Japan's Nikkei 225 Average ended up 2.3 percent, snapping a nine-session losing streak.
London's FTSE added 0.8 percent.
In international currency trading, the dollar was at 1.3980 against the euro Tuesday, compared with 1.3996 the previous day. Against the yen, the dollar was at 93.08, compared with 92.93 Monday.