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Dublin Stocks Close Down

Tuesday, July 17 17:56:41

The Dublin Stock Market closed slightly lower today with the ISEQ Overall Index slipping 7.57 points to 3,217.60 in late trading. It was a mixed day for the leading stocks with CRH closing 20 cent lower at 15.29 and Elan closing 28 cent higher at 13.93. Paddy Power added 65 cent to 54.40. Ryanair, which formally launched a 1.30 euro per share bid for Aer Lingus today, closed 1 cent lower at 4.13 euro while Aer lingus traded at 1.07 euro. Over on Wall Street meanwhile U.S. stocks fell, hitting their lowest level of the session, as a lack of clues on more stimulus from Federal Reserve chairman Ben Bernanke offset strong earnings from bellwethers including Goldman Sachs and Coca-Cola. Analysts had expected Bernanke to make some hints about stimulus measures.

The Dow Jones industrial average dropped 67.32 points, or 0.53 percent, to 12,659.89. The Standard and Poor's 500 Index fell 6.59 points, or 0.49 percent, to 1,347.05. The Nasdaq Composite Index lost 20.74 points, or 0.72 percent, to 2,876.20.