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U.S. stocks end down on housing, oil fearsby MT Bureau - October 17, 2007 - 0 comments
New York -- U.S. stock indexes closed down Tuesday on growing fears a protracted housing crisis and record-high oil prices would hurt the economy. The Dow Jones industrial average fell 71.86 points, or 0.51 percent, to close at 13,912.94. The broader Standard & Poor's 500 Index tumbled 10.18 points, or 0.66 percent, at 1,538.53. On the New York Stock Exchange, 913 stocks rose and 2,331 declined, on volume of 3.2 billion shares traded. The technology-heavy Nasdaq Composite Index lost 16.14 points, or 0.58 percent, to 2,763.91. In London, the FTSE 100 stock index fell 30.20 points, or 0.45 percent, and closed at 6,614.30. Japan's Nikkei 225 stock index finished the day down 220.23 points, or 1.27 percent, at 17,137.92. The broader Tokyo Stock Price Index, or Topix, fell 1.19 percent to 1,625.25. The benchmark 10-year U.S. Treasury note was up 8/32, yielding 4.647 percent, while the 30-year bond was up 6/32, yielding 4.903 percent. The U.S. dollar fell to 116.70 yen from 117.29 yen in New York late Friday. The euro fell to $1.4164 from $1.4201. © Copyright United Press International. Post new comment |
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