U.S. stock indexes closed in the black Thursday, bolstered by labor and retail news and undeterred by a fifth consecutive day of crude oil price records.

Inflation-signaling crude oil closed at a record $124.54 per barrel Thursday.

The Dow Jones industrial average closed Thursday up 52.43 points or 0.41 percent to 12,866.78. The Standard and Poor's 500 index closed up 5.11 points or 0.37 percent to 1,397.68. The Nasdaq composite index of tech-dominated stock rose 12.75 points or 0.52 percent to 2,451.24.

On the New York Stock Exchange, 1,802 stocks advanced and 1,295 declined on a volume of 1.211 billion shares traded.

The 10-year U.S. Treasury note gained 22/32 to yield 3.786 percent.

The euro traded at $1.5392 from Wednesday's $1.5406, while the dollar traded at 103.73 yen from Wednesday's 104.77 yen.

In Tokyo, the Nikkei index fell 159.22 points to 13,943.26, off 1.13 percent.

In London, the FTSE 100 index gained 3.20 points to 6,264.20, up 0.5 percent.

Copyright 2008 by United Press International


Publication date: 08 May 2008   

Source: UPI-1-20080508-16221500-bc-us-markets-2ndld.xml

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