US stocks mixed on poor earnings, financials rally
November 11th, 2009 - 5:05 am ICT by IANS ( Leave a comment )New York, Nov 11 (DPA) US stocks were mixed Tuesday as some companies posted disappointing quarterly earnings but financial firms gained.
The uneven trading day comes after a week of big gains by US market indices. The blue-chip Dow Jones Industrial Average, which is trading at its highest level this year, added 20.03 points, or 0.2 percent, to close at 10,246.97.
But the broader Standard and Poor’s 500 Index inched lower by 0.07 points, or 0.01 percent, to 1,093.01. The technology-heavy Nasdaq Composite Index slid 2.98 points, or 0.14 percent, to 2,151.08.
American Express and Bank of America led the gains. Bond guarantor MBIA and Electronic Arts were among the companies that fell amid poor profit forecasts.
The US currency edged up against the euro to 66.75 euro cents from 66.69 euro cents Monday. The dollar fell against the Japanese currency to 89.86 yen from 89.98 yen.
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