Money Matters, Simplified.
U.S. market closes lower Friday
Sat, 10/24/2009 - 01:56 by surajdogra
Reports by McDonalds and 3M boosted stocks Thursday. But markets turned lower Friday, with technology stock mostly resisting the decline.
By close, the Dow Jones industrial average was off 1.08 percent, 109.13 points, to 9,972.18. The Standard & Poor's 500 lost 1.22 percent, 13.31, to 1,079.60.
The Nasdaq composite of tech-dominated stock lost 0.5 percent, 10.82, to 2,154.47.
On the New York Stock Exchange, 736 stocks advanced and 2,284 declined on a volume of 4.7 billion shares traded.
The benchmark 10-year Treasury fell 20.32 to yield 3.494 percent.
The euro fell to $1.4995 from Thursday's $1.5028. Against the yen, the dollar rose to 92.08 from Thursday's 91.28 yen.
In Japan, the Nikkei 225 index added 15.82, 0.15 percent, to 10,282.99.
In Britain, the FTSE 100 index rose 0.68 percent, 35.21, to 5,242.57.
Copyright 2009 by United Press International.