Stock Indexes Mixed on U.S. Jobs News, Merkel Talk

By: Associated Press
By: Associated Press

New York, NY (AP) - The best week for the stock market in more than
two years is ending with major indexes nearly unchanged.

A surprise drop in the U.S. unemployment rate sent stocks higher
early Friday, but the gains fizzled throughout the afternoon.
European stock indexes and the euro rose after German Chancellor
Angela Merkel made a speech pushing for tighter rules on government spending.

The Dow Jones industrial average fell less than a point to close
at 12,019. The S&P 500 index also fell less than a point to 1,244.
The Nasdaq rose under a point to 2,627.

More than three stocks rose for every one that fell on the New
York Stock Exchange. Trading volume was below average at 4 billion.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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