US stocks mixed amid thin trading (Lead)

December 28th, 2011 - 6:00 am ICT by IANS  

New York, Dec 28 (IANS) US stocks ended narrowly mixed amid thin trading Tuesday, the first trading session after the Christmas Holiday, Xinhua reported.

Major indexes went higher in early trading after a latest report from the Conference Board Tuesday showed confidence among US consumers rose to the highest level in eight months, suggesting American consumers were more upbeat about the economic outlook at the end of a turbulent year.

According to the New York-based organization, its Consumer Confidence Index rose to 64.5 in December from 55.2 in November.

However, the upbeat report was dampened by weak housing data. The Standard & Poor’s/Case-Shiller index of 20 city dropped 0.6 percent in October, compared with September, said the Standard & Poor’s monthly report. The index was down 3.4 percent year-on-year.

The Dow Jones industrial average dipped 2.65 points, or 0.02 percent, to 12,291.35. The Standard & Poor’s 500 was up 0.10 points, or 0.01 percent, to 1,265.43. The Nasdaq Composite Index rose 6.56 points, or 0.25 percent, to 2,625.20.

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