Also Thursday, the Chinese government, locked for months in tense iron-ore price negotiations with the three mining behemoths, made remarks that signaled a possible easing of its hard-line stance. China had been holding out for a 45% price cut, even though ore extractors had earlier inked deals with Japanese and Korean steelmakers for price cuts of about 30%.
Elsewhere in the metals world, gold stocks moved higher during the session. Kinross Gold(KGC), which missed Wall Street targets Wednesday despite posting strong year-over-year gains in revenue and profit, saw its New York Stock Exchange-listed shares inch up 13 cents to $19.60. Newmont Mining(NEM) gained 68 cents, or 1.68%, to $41.15; Goldcorp(GG) rose 59 cents, or 1.66%, to $36.03; Yamana Gold(AUY) advanced 10 cents, or 1%, to $9.12; and Agnico-Eagle Mines(AEM) was up 84 cents, or 1.5%, to $56.78. -- Reported by Scott Eden in New YorkTheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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