U.S. markets mixed Friday

Some senators were wary of giving the Federal Reserve more power. But Senate Banking Committee Chairman Christopher Dodd, D-Conn., Thursday said there was "common ground in a number of the areas," of the 85-page proposal.

In early afternoon trading, the Dow Jones industrial average lost 13.90 points, or 0.16 percent, to 8,541.70. The Standard & Poor's 500 rose 0.13 percent, 1.15 points, to 919.52. The Nasdaq composite index added 16.17 points, 0.89 percent, to 1,823.89.

Citigroup shares rose 0.62 percent, while Bank of America shares rose 0.47 percent.

The benchmark 10-year U.S. Treasury bond rose 7/32 to yield 3.783 percent.

The euro rose to $1.3986, compared to Thursday's $1.389. Against the Japanese
yen, the dollar fell to 96.06 yen, compared to Thursday's 96.62 yen.

In Tokyo, the Nikkei average gained 82.54 points to 9,786.26, up 0.85 percent.

In London, the FTSE index rose 1.52 percent, 65.07 points, to 4,345.93.

Copyright 2009 by United Press International.