Home

downward correction

U.S. markets close lower

Wed, 10/11/2010 - 09:32 by Prince damin

New York -- U.S. markets lost traction Tuesday with investors cautious about a possible downward correction.

The price of gold broke a record above $1,400 per troy ounce Monday on the Comex division of the New York Mercantile Exchange, a sign investors were turning to the safest bet they could find and avoiding equities that might swing lower.

By close of trading, the Dow Jones industrial average lost 60.09 points, 0.53 percent, to 11,346.75. The Standard & Poor's 500 index shed 9.85, 0.81 percent, to 1,213.40. The Nasdaq composite index fell 0.66 percent, 17.07, to 2,562.98.

On the New York Stock Exchange, 809 stocks advanced and 2,194 declined with a volume of 5.1 billion shares traded.

U.S. markets head lower

Wed, 10/11/2010 - 00:49 by Prince damin

New York -- U.S. markets lost traction Tuesday with investors cautious about a possible downward correction.

The price of gold broke a record above $1,400 per troy ounce Monday on the Comex division of the New York Mercantile Exchange, a sign that investors were turning to the safest bet they could find and avoiding equities that might swing lower.

In early afternoon trading, the Dow Jones industrial average lost 54.64 points, 0.48 percent, to 11,352.20. The Standard & Poor's 500 index shed 6.54, 0.53 percent, to 1,216.71. The Nasdaq composite index fell 0.37 percent, 9.57, to 2,570.48.

The benchmark 10-year treasury note fell 25/32 to yield 2.647 percent.