Wall Street Drifts Downward

08/27/07 - 04:30 PM EDT

, HD , GTW , X , TOL , LEN , CTX , PHM  
Robert Holmes

Away from stocks, the front-month October crude contract rose 88 cents to close at $71.97 a barrel. Gasoline prices advanced 6 cents to $2.03 a gallon.

Treasury bonds crept higher. The 10-year note added 5/32 in price, yielding 4.59%. The 30-year bond ended up 11/32 in price, reducing the yield to 4.86%.

In Asia, Hong Kong's Hang Seng surged 2.9% overnight, and Japan's Nikkei 225 tacked on 0.3%. Many overseas indices in Europe were closed for a holiday.

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