Markets close mixed

04 Jun, 2012

NEW YORK, June 4 (UPI) — U.S. market indexes closed mixed Monday with investors keeping an eye on developments in Europe regarding a possible rescue of Spain.

Spanish Premier Mariano Rajoy said last week Spain was not in need of international assistance but rumors persist other European leaders are pressing the premier to accept help for Spain’s troubled banking sector.

Portugal, meanwhile, which has accepted international assistance, said it would inject $8.27 billion into three of its largest banks.

By close of trading on Wall Street, early gains in the Dow Jones industrial average cooled down to a loss of 17.11 points, or 0.14 percent, to 12,101.46. The Standard & Poor’s 500 gained less than a point, or 0.01 percent, to 1,278.18. The Nasdaq Composite added 12.53 points, or 0.46 percent, to 2,760.01.

On the New York Stock Exchange, 1,291 stocks advanced and 1,766 declined on a volume of 3.7 billion shares traded.

The benchmark 10-year treasury note fell 21/32 to yield 1.528 percent.

The euro rose to $1.2496 from Friday’s $1.2435. Against the yen, the dollar hit 78.38 from 77.99 yen.

In Tokyo, the Nikkei 225 index dropped 1.71 percent, 144.62 points, to 8,295.63.

London’s FTSE 100 index is closed for a holiday.

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