Stocks Mixed as American Manufacturing Slows
U.S. stocks are closing mixed, pulled in opposite directions by bad news about American manufacturing and relief over Europe’s bailout plan for its banks.
On the first day of the second half of the year, the Dow Jones industrial average is ending down nine points to 12,871. The Standard & Poor’s 500 is up three to 1,366. The Nasdaq composite index is up 16 to 2,951.
About 70 percent of stocks traded on the New York Stock Exchange are up. Trading volume is light at about 3.3 billion shares ahead of Wednesday’s Fourth of July holiday.
Chemical company DuPont is down more than any other on the Dow index, along with other companies tied to manufacturing.
(Copyright 2012 by The Associated Press. All Rights Reserved.)