US stocks mixed as Europe wavers

Read the original news 

Báo Đầu Tư English - 37 month(s) ago 3 readings

US stocks mixed as Europe wavers

US equity markets closed mixed Friday as the unresolved eurozone crisis and news of a deep partisan split in Congress's crucial deficit supercommittee clouded positive economic data.

US equity markets closed mixed Friday as the unresolved eurozone crisis and news of a deep partisan split in Congress's crucial deficit supercommittee clouded positive economic data.

The Dow Jones Industrial Average rose 29.13 points (0.25 per cent) to 11,799.86 in closing trade.

The broad-based S&P 500 edged down 0.26 point (0.02 per cent) to 1,215.87, while the tech-heavy Nasdaq Composite shed 15.49 points (0.60 per cent) 2,572.50.

Markets got a slight lift from a jump in the Conference Board's index of leading economic indicators, providing more evidence that the economy has picked up speed.

But that optimism was overtaken by worries about the sovereign debt crisis rocking Europe.

"Another sign of strength in the US economy is being met with continued concerns surrounding the eurozone debt crisis, exacerbated by growing disagreement among European leaders regarding a proper solution," Charles Schwab analysts said.

There is no comment

Please Sign up or Login to comment.

Top page