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U.S. blue chips close down, techs rise

July 22, 2009

U.S. stock indexes closed mixed Wednesday, with blue chips falling after seven winning days and some technology and consumer stocks rising on earnings reports.

The Dow Jones industrial average, which vacillated between losses and gains throughout the day, closed down 34.68 points, or 0.39 percent, at 8,881.26.

The Dow rose more than 9 percent in the previous seven sessions amid second-quarter earnings reports that many traders saw as positive.

The broader Standard & Poor’s 500 Index lost 0.51 point, or 0.05 percent, at 954.07.

Volume on the New York Stock Exchange topped 4.6 billion shares traded.

The technology-heavy Nasdaq advanced 20.18 points, or 0.53 percent, at 1,926.38 — its 11th straight close ahead.

In London, the FTSE 100 stock index closed up 12.56 points, or 0.28 percent, at 4,493.73. Germany’s DAX ended up 27.59 points, or 0.54 percent, at 5,121.56. France’s CAC-40 closed up 2.18, or 0.07 percent, at 3,305.07.

Japan’s Nikkei 225 stock index was up 71.14 points, or 0.74 percent, to close at 6,723.15. Hong Kong’s Hang Seng index fell 253.56 points, or 1.3 percent, at 19,248.17. China’s SSE or Shanghai index climbed 83.41 points, or 2.6 percent, at 3,296.62.

U.S. Treasury notes slipped as investors took profits and looked ahead to another offering next week.

The 10-year U.S. Treasury note fell 16/32, yielding 3.544 percent, while the 30-year bond was down 29/32, yielding 4.444 percent.

The U.S. dollar fell to 93.54 yen from 93.70 yen in New York late Tuesday. The euro, in U.S. dollars, rose to $1.4214 from $1.4199.


Source: upi



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