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25 May 05: US Stocks Decline as Trading Opens Wednesday


U.S. stocks declined Wednesday morning as investors worried about rising oil prices.

The Dow Jones Industrial Average fell 28 points to hit 10,476. The S & P 500 was down three points at 1,191, while the NASDAQ was off eight points at 2,054.

European share prices were mixed in afternoon trading. London's Financial Times index was down about one-tenth of a percent while the CAC-40 in Paris was up about two-tenths of a percent and the DAX index in Frankfurt made very slight gains.

Earlier in Asia, Tokyo's Nikkei index lost 119 points-one percent to finish at 11,014. Hong Kong's Hang Seng index lost 157 points-one percent to end at 13,562.

The price of gold is up 35 cents, trading at 418 dollars and 70 cents an ounce in New York.

The dollar is down against the yen and the euro in New York.

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