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Continued: Stock market turns quiet; Fed minutes offer no surprises for investors

  • Article by: STEVE ROTHWELL , AP Markets Writer
  • Last update: July 10, 2013 - 8:40 PM

In government bond trading, the yield on the 10-year Treasury note rose to 2.68 percent from 2.64 percent late Tuesday. As recently as early May, the yield was 1.63 percent.

The price of crude oil jumped almost 3 percent to the highest level in 16 months after the U.S. government reported another steep decline in the nation's supplies. Oil rose $2.99 to $105.71 a barrel in New York.

The price of gold rose $1.5, or 0.1 percent, to $1,247.40 an ounce.

Among stocks making big moves:

— Hewlett-Packard rose 46 cents, or 1.8 percent, to $25.93 after a Citigroup analyst raised his rating on the company. The analyst doubled his price target for the stock, saying the PC maker's turnaround efforts are taking hold.

—Fastenal, an industrial and construction supplies distributor, fell $1.33, or 2.8 percent, to $45.77 after the company reported that its second-quarter revenue fell short of analysts' estimates.

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