September 24, 2009

U.S. markets waver Thursday morning

U.S. markets wavered Thursday morning after a downturn in the previous trading session prompted by the Federal Reserve Bank.

The Fed's announcement Wednesday that it would maintain key lending rates at zero to 0.25 percent triggered a late afternoon drop in U.S. indexes, the Dow Jones industrial average closing 81 points down after spending most of the day in positive territory.

In midmorning trading Thursday, the DJIA gained 0.07 percent, 6.88 points, to 9,755.43. The Standard & Poor's fell 0.25 percent, 2.66 points, to 1,058.21. The Nasdaq composite index fell 0.11 percent, 2.40 points, to 2,129.02.

The benchmark 10-year Treasury rose 1/32 to yield 3.405 percent.

The euro fell to $1.4729 from Wednesday's $1.4743. Against the yen, the dollar fell to 91.05 from Wednesday's 91.31 yen.

In Tokyo, the Nikkei 225 index added 173.68 points, 1.67 percent, to 10,544.22.