Markets flat Tuesday morning

Posted on Jul 31, 2012 in Business | 0 comments

U.S. stock indexes were mixed Tuesday morning, as consumer spending was flat in June but housing prices rose month to month.

The Commerce Department said spending was flat for the second consecutive month, but incomes rose 0.5 percent. The closely watched S&P/Case-Shiller home price index rose 2.2 percent in April to May although prices in the 20-city composite index were off 0.7 percent on an annual basis.

In midmorning trading on Wall Street, the Dow Jones industrial average, shed 11.01 points or 0.08 percent to 13,062.00. The Standard and Poor”s 500 index dipped 0.17 points or 0.01 percent to 1,385.13. Tech-heavy Nasdaq composite index rose 6.44 points or 0.22 percent to 2,952.28.

The benchmark 10-year treasury note rose 7/32 to yield 1.477 percent.

The euro rose to $1.2306 from Monday”s $1.226. Against the yen, the dollar rose to 78.17 yen from 78.17 yen.

In Tokyo, the Nikkei 225 index rose 0.69 percent, 59.62, to 8,695.06.

Copyright 2012 by United Press International