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Slow Japan growth nudges US markets lower

Published on Aug 14, 2012 6:50 AM
 

NEW YORK (AFP) - United States (US) stock markets closed in the red after listless trade on Monday, with only poor Japanese data making a dent in action slowed by the boreal-summer holiday.

At the closing bell the blue-chip Dow Jones Industrial Average was down 38.52 points (0.29 per cent) at 13,169.43.

The broader S&P 500-stock index lost 1.76 (0.13 per cent) to 1,404.11, while the tech-rich Nasdaq was up 1.66 points (0.05 per cent) to 3,022.52.

Earlier the Japanese government said the country's April-June GDP grew 0.3 per cent from the previous quarter, sharply weaker than market expectations of a 0.7 per cent increase.

 
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