Money Matters, Simplified.
Markets close with slim gains
Sat, 02/27/2010 - 11:45 by Rakhi
In the second of three estimates on the country's GDP, the Bureau of Economic Analysis said consumer spending rose 1.7 percent in the fourth quarter of 2009 -- a positive figure, but not as strong as the 2.8 rise in the previous quarter.
By close, the Dow Jones industrial average added 4.23 points or 0.04 percent to 10,325.26. The Standard & Poor's 500 index added 1.55 points, 0.14 percent to 1,104.49. The Nasdaq composite index was up 4.04 or 0.18 percent to 2,238.26.
On the New York Stock Exchange, 1,804 stocks advanced and 1,219 declined on a volume of 3.9 billion shares traded.
The benchmark 10-year Treasury rose 5/32 to yield 3.617 percent.
The euro rose to $1.3621 from Thursday's $1.3558. Against the yen, the dollar fell to 88.84 yen from Thursday's 89.10 yen.
In Japan, the Nikkei 225 index rose 0.24 percent, 24.07, to 10,126.03.
In Britain, the FTSE 100 index rose 1.45 percent, 76.30 points, to 5,354.52.
Copyright 2010 United Press International, Inc. (UPI).