Dow Closes Up 8, Nasdaq Finishes Up 12

ELLEN SIMON, AP Business Writer
AP Online
04-14-2006
Dateline: NEW YORK

Stocks inched higher in light trading Thursday after government data indicated that the economy was growing at a slower pace, raising investors' hopes that moderating economic growth might halt the Federal Reserve's streak of interest rate hikes. The major indexes ended the week narrowly mixed.

Thursday's gains were capped as General Electric Co., Advanced Micro Devices Inc. and Alcoa Inc. fell and bonds declined sharply, sending the yield on the 10-year Treasury bill above 5 percent for the first time since 2002.

The 5 percent yield could have acted as a "psychological barrier," said …

Dow Closes Up 8, Nasdaq Finishes Up 12ELLEN SIMON, AP Business Writer
AP Online
04-14-2006
Dateline: NEW YORK

Stocks inched higher in light trading Thursday after government data indicated that the economy was growing at a slower pace, raising investors' hopes that moderating economic growth might halt the Federal Reserve's streak of interest rate hikes. The major indexes ended the week narrowly mixed.

Thursday's gains were capped as General Electric Co., Advanced Micro Devices Inc. and Alcoa Inc. fell and bonds declined sharply, sending the yield on the 10-year Treasury bill above 5 percent for the first time since 2002.

The 5 percent yield could have acted as a "psychological barrier," said …