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Stocks slide on European Central Bank news
NEW YORK www.billiguggboots.net, April 7 (UPI) -- U.S. markets closed lower Thursday after the European Central Bank raised its lending rates from 1 percent to 1.25 percent to slow inflation in the eurozone. The ECB has held bank-to-bank lending rates at 1 percent for nearly two years but said there was "ample" liquidity in markets and growing concern about rising oil prices. The Bank of England said it would keep its current 0.5 percent lending rate intact. The Central Bank of Japan said it would make $11.7 billion in loans available to areas devastated by the March 11 earthquake and tsunami. Investors also digested news of a 7.4-magnitude aftershock with an epicenter close to the previous 9-magnitude quake. By close of trading on Wall Street, the Dow Jones industrial average shed 17.26 points or 0.14 percent to 12 ugg womens boots,409.49. The Standard & Poor's 500 index lost 2.03 or 0.15 percent to 1,333.51. The Nasdaq composite index shed 3.68 or 0.13 percent to 2,796.14. On the New York Stock Exchange ugg classic tall, 1,116 stocks advanced and 1 www.bootssalesusa.com,872 declined on a volume of 3.6 billion shares traded. The 10-year treasury note was unchanged ugg tall, yielding 3.547 percent. The euro fell to $1.4305 from Wednesday's $1.4331. Against the yen www.newbootstrade.com, the dollar fell to 84.86 yen from Wednesday's 85.43 yen. In Tokyo, the Nikkei 225 index added 0.07 percent, 6.56 ugg boots uk, to 9,590.93. In London ugg günstig, the FTSE 100 index shed 0.56 percent, 33.76, to 6 ugg Österreich,007.37.
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