stock indexes end week down
Last Updated : GMT 02:57:08
Arab Today, arab today
Arab Today, arab today

Stock indexes end week down

Arab Today, arab today

Arab Today, arab today Stock indexes end week down

New York - UPI

U.S. stock indexes started mixed but closed down Friday on the New York Stock Exchange amid the release of three government reports. The Dow Jones industrial average lost 20.21 points -- or 0.18 percent -- and closed at 11,103.12. The Nasdaq composite fell 27.47 points (1.10 percent) and ended the trading session at 2,479.35. The Standard and Poor\'s 500 shed 9.51 points (0.82 percent) and finished at 1,155.46. Trading began the day mixed after the U.S. Labor Department said the U.S. economy added 103,000 jobs in September and the unemployment figure was unchanged at 9.1 percent. Stock indexes slid at midday after Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, told an audience that regulators can\'t -- and shouldn\'t -- guarantee against the failure of individual firms. \"Firms will fail. That reality can\'t be regulated or legislated away,\" Lockhart said. \"But good oversight can prevent some failures.\" Wholesale inventories rose by 0.4 percent to a seasonally adjusted $464.32 billion in August, the U.S. Commerce Department said Friday. The department\'s U.S. Census Bureau also said sales by U.S. wholesalers were a seasonally adjusted $401.26 billion, up 1 percent from July. The Fed reported consumers reduced their debt in August by a seasonally adjusted $9.5 billion, reflected as a 4.6 percent annual rate -- the first such reduction in 11 months. On the New York Stock Exchange, the listed volume was 4.6 billion shares. The 10-year treasury note yielded 2.067 percent. The euro fell to $1.3392 from $1.3434 Thursday. Against the yen, the dollar rose to 76.88 yen from Thursday\'s 76.67 yen. In Japan, the Nikkei Average closed at 8,605.62, up 83.60 (0.98 percent). In London, the FTSE closed at 5,303.40, up 12.14 (0.23 percent).

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