April 23, 2014
US stocks end down, yields rise; easing talk hits yen
US shares closed down today after see-sawing through the day as robust economic data failed to extend an eight-week market rally, and the yen tumbled on news that the Bank of Japan was considering expanding its stimulus.The Dow Jones Industrial average fell 77.64 points, or 0.48 percent, to 16,008.77. The Standard & Poor's 500 Index was down 4.91 points, or 0.27 percent, at 1,800.90. The Nasdaq Composite Index was down 14.63 points, or 0.36 percent, at 4,045.26.
European shares edged lower as German steelmaker ThyssenKrupp plummeted after failing to find a buyer for its problematic Brazilian mill and British retailers were hit by margin worries.
Shares in Thyssen fell 8.5 percent, their steepest drop in more than two years, after announcing it had sold only the US plant in its Steel Americas unit, which has cost the German firm almost 13 billion euros ($17.7 billion) over six years.
The German firm was the top faller on the FTSEurofirst, which closed down 0.3 percent at 1,300.69 points. The euro zone's Euro STOXX 50 index also fell 0.3 percent, to 3,077.23 points.