2010/12/28

Close: Stocks mixed economic data were mixed

U.S. stocks ended mixed Tuesday. Morning economic data released by the U.S. economic recovery prospects look mixed, so that the broader market continued to remain range-bound today.

At 4:00 p.m. on December 28 EST, the Dow Jones industrial average rose 20.51 points to close at 11,575.54 points, or 0.18%; the Nasdaq composite index fell 4.39 points to close at 2,662.88 points, down 0.16%; the S & P 500 index rose 0.98 points to close at 1,258.52 points, or 0.08%.

Economic data side, the United States in December from the November consumer confidence index fell 54.3 points to 52.5 points, below market expectations. U.S. October Case - Shiller 20 city price index by a seasonally adjusted, decreased by 1.0%, down 0.8%, larger than expected.

Manufacturing data from the central region in Atlanta, a bright spot. Regional Federal Reserve Bank of Richmond reported that in December of the region's rapid expansion of manufacturing activity; service activities are also greatly improved the situation.

International Council of Shopping Centers and Goldman Sachs Group, a survey showed U.S. chain store sales last week rose 4.8%. The MasterCard SpendingPulse sector consulting firm's data indicates that consumers bought more because of cold weather clothing, and buy more jewelry and other luxury goods, U.S. retailers ushered in the 5 years to represent one of the best holiday sales period.