Business
U.S. markets near holding pattern Tuesday
New York | May 10, 2008 12:01:13 AM IST
U.S. stock indexes stayed close to neutral Tuesday morning as the U.S. Federal Reserve Open Market Committee headed into a two-day session. Investors said they anticipate an small interest rate adjustment after the meeting ends Wednesday. The Dow Jones industrial average gained 8.96 points Tuesday in midmorning trading to 12,880.71, up 0.07 percent. The Standard and Poor's 500 index slide 0.56 points to 1,395.13, off 0.09 percent. The Nasdaq composite index dropped 3.57 points to 2,420.83, down 0.15 percent. The 10-year U.S. Treasury note gained 7/32 to yield 3.804 percent. The dollar was mixed. The euro traded at $1.5575 from Monday's $1.564, while the dollar traded at 103.87 yen from Monday's 104.19 yen. In Tokyo, the Nikkei index gained 30.90 points to 13,894.37, up 0.22 percent. (UPI)
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