23 Aug 2010

Wall Street down

8:43 am on 23 August 2010

Stocks on Wall St fell for a second straight week on persistent concerns the recovery in the United States has tapered off.

The Dow Jones Index close at 10, 213 on Friday, down 58 points.

However, the ABC reports the Nasdaq composite index parred earlier losses, gaining 0.81 points while the SP 500 index shed 3.94 points.

In Europe: the FTSE 100 in London, the CAC-40 in Paris and the DAX in Frankfur all fell

Across the Tasman, the Australian 200 Index was down 48 points to 4431.

The NZX 50 index was down 29 points to close at 3,000.

At 8.25am on Monday, the New Zealand dollar was trading at 70.45 US cents, 79.48 Australian cents, 45.34 pence, 60.23 yen and 0.5544 euro. The Trade Weighted Index was at 66.18.

The Australian dollar was trading at 88.55 US cents compared to 89.40 US cents on Friday.

Brent crude oil was trading at $US74.23 per barrel and gold was trading at $US1226.95 per ounce.