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Stocks Mixed on Europe Worries, Positive Jobs News

Spencer Platt, Getty Images

The Dow Jones industrial average posted its first loss of the year, but just barely.

The Dow recovered from a 134-point loss to end down just under 3 points at 12,416 Thursday. The Dow had climbed on the first two trading days of the year.

Other indexes were positive. The Standard & Poor’s 500 index closed up 4 points at 1,281. The Nasdaq rose 22 points to 2,670.

Stocks spent the morning underwater. Worries about Europe’s financial crisis appeared to outweigh a jobs report that showed a drop in new applications for unemployment insurance.

Advancers outnumbered decliners 3-to-2. Volume was average at 4.2 billion shares.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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