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Stocks close Friday session mixed

NEW YORK, Jan. 18 (UPI) — U.S. stock indexes closed mixed Friday in New York as concern of the next phase of budget talks in Washington distracted Wall Street.

The Dow Jones industrial average added 53.68 points, 0.39 percent, to advance to 13,649.70 in late afternoon trading. The Nasdaq composite index lost 1.30 points or 0.04 percent, to slip to 3,134.71. The Standard and Poor’s 500 picked up 5.40 points or 0.34 percent to 1,485.98.

House Republicans said they may back a short-term debt-ceiling increase that would force lawmakers and the White House to face the current debt-ceiling crisis in two months, when it also faces $85 billion in across-the-board spending cuts that were delayed until March 1 in a “fiscal cliff” compromise.

In addition, a temporary joint congressional resolution that keeps the federal government operational expires March 27.

On the New York Stock exchange, the total volume of shares was 3.79 billion shares with advancers ahead of decliners 1,115 to 1,490.

The 10-year treasury note yielded 1.842 percent.

Against the dollar, the euro was $1.3315 from Thursday’s $1.3328. The dollar gained against the yen, hitting 90.08 yen from 89.87 yen.

In Tokyo, the Nikkei 225 index gained 2.86 percent, 303.66 points, to 10,913.30.

In London, the FTSE 100 index added 0.36 percent, 22.05 points, to 6,154.41.

Copyright 2013 United Press International, Inc. (UPI).

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