NEW YORK-Wall Street edged lower yesterday after a quiet trading day that left the indexes little changed. The Dow Jones industrial average closed down 45.57 points, or 0.3 per cent, to 13,124.62. It had been up 20 shortly after the opening bell. The Dow had its biggest loss in two weeks on Tuesday, falling 68.94 points.
The Standard & Poor's 500 index closed down 2.63 points, or 0.2 percent, at 1,402.89. The Nasdaq composite average closed up 1.17 at 3,075.32. The yield on the ten-year Treasury note fell to 2.3 per cent from 2.36 per cent late Tuesday. Gold and crude oil prices rose slightly. Stocks closed lower on Tuesday after two reports signaled an economic slowdown in China. Supercharged growth in China over the past three years has helped sustain the global economic recovery. The Dow had its biggest loss since March 6.
The Dow is still up 1.3 per cent this month and 7.4 per cent so far this year. Other indexes are up even more for the year: The S&P 500 has gained 11.6 per cent; the technology-focused Nasdaq composite 18.1 per cent.
AP
