U.S. markets mixed at close

New York -- U.S. markets closed mixed Friday after the People's Bank of China raised requirements on bank reserves to slow the economy.

The unexpected announcement forces all but small, rural banks to keep more in the reserve.

The move trumped news from the Commerce Department that U.S. retail sales rose 0.5 percent in January, better than the 0.4 percent economists had forecast.

By close, the Dow Jones industrial average lost 45.05 points or 0.44 percent to 10,099.14. The Standard & Poor's 500 index lost 2.96 or 0.27 percent to 1,075.51. The Nasdaq composite index rose 0.28 percent, 6.12 points, to 2,183.53.

On the New York Stock Exchange,1,609 stocks advanced and 1,387 declined on a volume of 4.1 billion shares traded.

The benchmark 10-year Treasury rose 8/32 to yield 3.691 percent.

The euro fell to $1.3615 from Thursday's $1.3683. Against the yen, the dollar rose to 90.03 yen from Thursday's 89.73 yen.

In Tokyo, the Nikkie 225 index came off a one-day holiday to rise 1.29 percent, 128.20, to 10,092.19.

In Britain, the FTSE 100 index lost 0.37 percent, 19.03, to 5,142.45.

Copyright 2010 United Press International, Inc. (UPI).

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