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Markets slide a touch Tuesday
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 early afternoon trading on Wall Street, the Dow Jones industrial average, shed 33.04 points or 0.25 percent to 13,039.97. The Standard and Poor”s 500 index dipped 3.44 points or 0.25 percent to 1,381.86. Tech-heavy Nasdaq composite index gave up 0.11 points, less than 0.01 percent to 2,945.73.
The benchmark 10-year treasury note fell 2/32 to yield 1.508 percent.
The euro rose to $1.2310 from Monday”s $1.226. Against the yen, the dollar fell to 78.16 yen from 78.17 yen.
In Tokyo, the Nikkei 225 index rose 0.69 percent, 59.62, to 8,695.06.
In London, the FTSE 100 index lost 1.02 percent, 58.28, to 5,635.28.
Copyright 2012 by United Press International