Arab Today, arab today us stocks mixed early wednesday
Last Updated : GMT 11:24:12
Arab Today, arab today
Arab Today, arab today

US stocks mixed early Wednesday

Arab Today, arab today

Arab Today, arab today US stocks mixed early Wednesday

New York - UPI

US stocks were mixed on Wall Street Wednesday after Britain said its gross domestic product fell further than expected in the second quarter. The National Statistics Office said the GDP dropped 0.7 percent from the first quarter. Economists had forecast a 0.2 percent decline. Data was not all glum, however. The U.S. Commerce Department said sales of new family homes rose 15.1 percent in June 2012 over June 2011 in a report that supports data released earlier in the week that showed home prices on the rise. On Wall Street, the Dow Jones industrial average added 21.23 points, 0.17 percent, to 12,638.55. The Standard & Poor\'s 500 index lost 5.73 points, or 0.43 percent, to 1,332.58. Tech-heavy Nasdaq composite index gave up 20.32 points, or 0.71 percent, to 2,842.67. The benchmark 10-year treasury note shed 4/32 to yield 1.403 percent. The euro fell to $1.2118 from Tuesday\'s $1.2061. Against the yen, the dollar rose to 78.26 yen from 78.19 yen. In Tokyo, the Nikkei 225 index lost 1.44 percent, 122.19, to 8,365.90.

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