Stocks Close Mixed as Traders Await Europe News

By: Associated Press
By: Associated Press

New York, NY (AP) - U.S. stocks are closing mixed after trading in a narrow range for most of the day. Investors are awaiting news from Europe later this week.

The European Central Bank will make an announcement on interest
rates Thursday. Traders hope the ECB will signal its willingness to
step in and help shore up heavily indebted European nations.

European leaders will wrap up a summit on Friday at which they
will discuss closer coordination of their budgets.

The Dow closed up 46 points, or 0.4 percent, at 12,196. The S&P
500 closed up 3, or 0.2 percent, at 1,261. The Nasdaq closed down a
fraction of a point at 2,649.

Advancing stocks narrowly outnumbered declining stocks on the
New York Stock Exchange. Trading volume was below average at 4.1
billion shares.

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

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