Shares slip in volatile trading

THE Dow industrials ended slightly lower yesterday after a highly volatile session on Wall Street.

THE Dow industrials ended slightly lower yesterday after a highly volatile session on Wall Street.

It closed down 12.65 points at 5,629.77.

One notable feature of today's market was the continued divergence of stock and bond prices.

Stocks have followed bonds for some time, but this week they have had periods of moving in opposite directions.

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Declines led advances by 1,188 to 1,139 on the New York Stock Exchange, leaving 781 unchanged.

Big Board volume totalled 428.31 million shares, against 435.28 million on Tuesday.

The NYSE's composite index fell 1.27 to 349.48.

The Standard and Poor's 500 stock index fell 3.79 to 652.00.

The Nasdaq composite index fell 3.82 to 1,092.99.

At the American Stock Exchange, the market value index rose 0.69 to 569.84.