US stocks mixed amid tepid data
January 13th, 2012 - 2:42 am ICT by IANSNew York, Jan 13 (IANS) US stocks traded mixed Thursday as US economic data worried investors, but news from Europe provided support.
The US Commerce Department said total retail sales increased 0.1 percent in December, after rising by an upwardly revised 0.4 percent in November, a little weaker than previously expected, Xinhua reported.
Meanwhile, the Labor Department said initial jobless claims jumped to 399,000 last week, the highest level in six weeks, suggesting lingering uncertainties in the jobs market.
However, news from the Europe came as a relief. Italy successfully sold 12-month government bonds, with the lowest yield since June 2011.
Also, the European Central Bank left interest rates unchanged at 1.0 percent in its first policy meeting of the year, eliminating investors’ concerns about any possible changes of monetary policies.
The Dow Jones industrial average lost 21.45 points, or 0.17 percent, to 12,428.00. The Standard & Poor’s 500 was down 0.74 points, or 0.06 percent, to 1,291.74. The Nasdaq Composite Index rose 4.53 points, or 0.17 percent, to 2,715.24.
- US stocks end higher amid European optimism (Lead) - Jan 13, 2012
- Sensex at seven-month high, closes 139 points higher (Roundup) - Feb 21, 2012
- Fifth straight weekly loss for Sensex (Weekly Market Review) - Mar 24, 2012
- US stocks rise - Mar 10, 2012
- Indian markets quiet ahead of monetary policy - Jan 23, 2012
- Sensex recovers, closes 165 points up on value buying (Roundup) - Mar 23, 2012
- Poor IIP figures pull Sensex down 116 points (Roundup) - Jun 10, 2011
- Sensex down 89.56 points in noon trade - May 14, 2012
- Sensex posts first weekly fall in 2012; slumps 366 points (Weekly market review) - Feb 25, 2012
- Sensex closes 357 points up amid positive global cues (Roundup) - Mar 09, 2012
- US stocks flat after Fed-fuelled rally - Mar 28, 2012
- Sensex closes flat, global cues, auto stocks dampen sentiments (Roundup) - Jun 09, 2011
- Wall Street fall on European concerns (Lead) - Apr 24, 2012
- Sensex closes Friday a percent up, ends week with 5 percent gain - Oct 14, 2011
- Sensex consolidates below 20,000 points (Roundup) - Sep 29, 2010
Tags: dow jones, dow jones industrial, dow jones industrial average, economic data, europe, government bonds, initial jobless claims, interest rates, investors, italy, labor department, monetary policies, nasdaq composite index, retail sales, s 500, six weeks, stocks, uncertainties, us commerce department, xinhua