U.S. Stocks Off on Consumer Sentiment News
Posted on: Friday, 26 August 2005, 18:00 CDT
A weak consumer sentiment report Friday weighed on U.S. stocks, which declined on all major indexes.
The Dow Jones industrial average fell 53.34 or 0.51 percent to 10,397.29 on a volume of 339 million shares. The Nasdaq composite slipped 13.60 or 0.64 percent to 2,120.77, and the Standard & Poor's 500 declined 7.27 or 0.60 percent to 1,205.10.
The University of Michigan report found consumer sentiment this month had fallen from July's level. Economists had expected a small increase.
The benchmark 10-year Treasury fell 9/32, or $2.8125 per $1,000 invested, to yield 4.193 percent.
The dollar rose to 110.14 yen from 110.06 as the euro fell to $1.2291 from $1.23.
Tokyo's Nikkei 225 rose 34.32, or 0.3 percent, to 12,439.48, and London's FTSE 100 settled at 5234.10 after sliding 21.60 or 0.41 percent.
Source: United Press International
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