2011/1/6

Close: Stocks mixed investor profit-taking

U.S. stocks ended mixed Thursday. Retail and telecommunications sector fell. European sovereign debt crisis of the potential risks to some investors after the recent surge in stock market gains.

EDT at 4:00 p.m. on January 6, the Dow Jones Industrial Average fell 25.58 points to close at 11,697.31 points, down 0.22%; the Nasdaq composite index rose 7.69 points to close at 2,709.89 points, or 0.28%; the S & P 500 index fell 2.71 points to close at 1,273.85 points, down 0.21%.

Telecommunications sector and the retail sector are declining. Most department store retailer's same-store sales less than expected, leading to a general fall in stock prices. However, investors pointed out that by the end of December snowstorm bad weather could make some consumption activities Festival postponed to January.

EU proposed a deal with banking and investment business failures framework conditions, but faces in the future whether shareholders should bear part of the rescue operation expenditure. This news makes investors worried about the debt crisis of the euro zone sentiment once again rise.

Sovereign debt crisis of the euro zone dollar strengthened emotional concerns. Reduced market risk appetite, stocks rose in a row after the pressure.