Final Trading Session Of April Leads To Negative Day – Acadiana Business Index
- The Dow was down 17 points to 13211. The S&P 500 lost 5 points to 1397 and the NASDAQ was lower by 22 points to 3046.
- Eurozone debt concerns weighed on investor sentiment. Spain’s economy contracted 0.3% in the first-quarter, putting the country into its second recession since 2009. On our shores, consumer spending in the U.S. climbed 0.3% in March after the biggest gain since August 2009, while consumer income also picked up, gaining 0.4% in the period.
- After the closing bell, profit tallies were due out from Anadarko Petroleum and Shutterfly.
- In bondland, Treasuries gained ground today, capping off their biggest monthly advance since September of last year. The 10-year note was up 4/32 to yield 1.92% and the 30-year bond gained 3/32 to yield 3.12%.
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