Stocks Close Mixed After Euro Bailout Fund News

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are closing narrowly mixed after a report that a second European bailout fund was being considered set off a brief, late-day rally.

Stocks rose late Tuesday following a report that European leaders might create another bailout fund in addition to the one that already exists.

The market was stuck in neutral for most of the day. Earlier,
Standard & Poor's threatened to downgrade nations that use the
euro. Indexes eventually drifted back toward where they started.

The Dow Jones industrial average closed up 52 points, or 0.4
percent, at 12,150. The S&P 500 closed up a point at 1,258. The
Nasdaq fell 6, or 0.2 percent, to 2,649.

Rising stocks and declining ones were evenly split on the New
York Stock Exchange. Volume was light at 3.7 billion shares.

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

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  • by Larry Location: Tallahassee on Dec 6, 2011 at 02:12 PM
    The president is doing a good job fixing this deep mess that he inherited. A reasonable and steady hand on the wheel is what we can all be thankful for. With patience and the president's wisdom, along with 4 more years of avoiding another Bush candidate, the U.S. will be on the right track.
    • reply
      by Mark on Dec 6, 2011 at 05:27 PM in reply to Larry
      I agree. That's why he was elected president by a majority of Americans. He's the right man for these tough times. The sore losers who lost the election are still sore. But hey, losers are usually sore anyway.
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