2010/12/10

Late: the major indexes were mixed

U.S. stocks mixed on late Thursday, the disk more volatile. Morning the Labor Department released employment data raised market confidence. The dollar rose, making commodities suppliers generally feel the pressure.

At 15:22 on December 9 EST, the Dow Jones Industrial Average fell 23.31 points to 11,349.17 points, down 0.20%; the Nasdaq composite index rose 5.65 points to 2,614.81 points, or 0.22%; the S & P 500 Index rose 2.93 points to 1,231.21 points, or 0.24%.

Investment institutions Beacon Trust Vice President Fred - Frankel (Fred Fraenkel), said, "There is no doubt that the present data have shown that the number of initial claims for unemployment benefits consecutive month, the slow progress in the right direction." He also pointed out that continue to emerge in recent weeks is evidence that the slow recovery in U.S. economic growth.

Dow component DuPont (DD) dropped 1.9%, this integrated manufacturing and Science Group, said 2010 results exceeded expectations, and expected profitability will increase. But the patent expired, the company's pharmaceutical business in 2011 revenue would fall.

Bank of America (BAC) rose 4.6%, as the Dow's biggest gainers.

Several opposition groups in Ireland, said the program will be voting on the rescue of the Irish vote, the U.S. stock market was down by the turn up. Today morning, Fitch rating agency (Fitch Ratings) will be Ireland's rating to BBB-level, that is, the third lowest investment grade. Fitch lowered its rating because of the Irish take into account the high cost of rebuilding the banking system, and lost at an acceptable price the ability to obtain financing from the market.

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