Money Matters - Simplified

U.S. markets flat Friday

New York -- U.S. stock markets were flat Friday after the Department of Labor said consumer prices rose marginally in August.

Prices rose 0.3 percent from July to August, and they were up 1.1 percent on an annual basis.

In early afternoon trading on Wall Street, the Dow Jones industrial average gained 3.22 points, 0.03 percent, to 10,598.05. The Standard & Poor's 500 index added 0.29 points, 0.03 percent, to 1,124.95. The Nasdaq composite index added 0.41 percent, 9.40, to 2,312.65.

The benchmark 10-year treasury note rose 6/32, to yield 2.743 percent.

The euro fell to $1.3044 from Thursday's $1.3079. Against the yen, the dollar fell to 85.81 yen from Thursday's 85.84 yen.

In Japan, the Nikkei 225 index added 1.23 percent, 116.59, to 9,626.09.

In Britain, the FTSE 100 index lost 0.57 percent, 31.69, to 5,508.45.

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

No votes yet