U.S. markets fall further Friday afternoon

New York-- U.S. stock indexes fell further Friday, a day after markets plunged to lows on the year.

The Dow Jones industrial average, closing at a low for the year of 11,453.91 Thursday, continued to fall as oil prices jumped to record $141.50 per barrel on the New York Mercantile Exchange.

In early afternoon trading Friday, the DJIA was off 0.66 percent or 75.32 points to 11,378.10. The Standard and Poor's 500 index lost 3.14 points to 1,280.73, down 0.24 percent. The Nasdaq composite index fell 0.59 percent to 2,307.73, down 13.64 points.

The 10-year U.S. Treasury note gained 11/32 to yield 3.988 percent.

The dollar was mixed. The euro traded at $1.5753 from Thursday's $1.5764, while the dollar traded at 106.29 yen from Thursday's 106.69 yen.

In Tokyo, the Nikkei index lost 277.96 points to 13,544.36, off 2.01 percent.

In London, the FTSE 100 index rose 11.70 points to 5,529.90, up 2.1 percent.

Copyright 2008 by United Press International.