U.S. Stocks Flat After Mixed Economic Data

By: Associated Press
By: Associated Press

New York, NY (AP) - A whole day of trading, and stocks barely budged.

The Dow Jones industrial average traded in a narrow range all day, between a gain of 25 points and a loss of 40. It closed down 11 points at 12,705. That's a decline of less than a tenth of a percent.

The broader Standard & Poor's 500 index rose one point to 1,326. The Nasdaq composite rose 11 points to 2,860.

Stocks in most industries rose, although slightly.

Discount stores Target and Costco had strong January sales and their stocks rose. Abercrombie & Fitch dropped 14 percent because it said higher markdowns and cotton costs will hurt fourth-quarter profits and revenue.

Bond prices didn't move much either. The yield inched down to 1.82 percent from 1.83 percent Wednesday.

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  • by Anonymous on Feb 2, 2012 at 05:54 PM
    Years in office. Bush 8 years, Obama 3 years.
    • reply
      by Gerry on Feb 2, 2012 at 11:42 PM in reply to
      Not exactly. At noon on 2/2, Obama had been in office 3 years and 13 days.
      • reply
        by Anonymous on Feb 3, 2012 at 05:54 AM in reply to Gerry
        The purpose of discussion is to lead to understanding and mutual benefits. Gerry is so bent on making everyone else appear stupid or making himself appear smart he is always trying to win an argument on a technicality rather than looking at the underlying facts as basically true. People like Gerry and Obama are why this country is so divided. An excellent point was made and as usual Gerry showed his ignorance and had to add thirteen days to attack an otherwise legitimate poster. Are you helping your cause attacking Bush and other posters or are you just making people dig in their heels and driving us further apart? For socialism to work a country must be divided.......divided we all fall.
        • reply
          by Gerry on Feb 3, 2012 at 07:10 AM in reply to
          You are posting as an anonymous nightrider so you won't be accountable for what you say. With each passing minute "3 years" becomes less and less accurate. At noon today, Obama will have been in office for 3 years and 2 weeks. which is more than 3.03 years. So, already, "3 years" is about 1% in error. By the end of February, Obama will have been in office for more than 3.1 years, and "3 years" will be more than 3% in error.
        • reply
          by Anonymous on Feb 3, 2012 at 08:26 AM in reply to
          Sometimes you give a kid rope and he hangs himself....see above. HAHAHAHAHAHAHA
        • reply
          by Gerry on Feb 3, 2012 at 09:00 AM in reply to
          @Anonymous Nightrider If I said $4.899 trillion of debt accumulated during Bush's 7.95 years as Prez, how would you react? 7.95 years would be wrong and would make Bush look worse. 7.95 is an error of less than 1% in the length of Bush's term in office. Obama has been Prez for 3.03 years and counting.
        • reply
          by Gerry's Psychiatrist on Feb 3, 2012 at 01:49 PM in reply to
          That's the way Gerry has been taught to shout people down. I suggested on another post to just stop talking to that idiot. He is an antagonist. He nit picks details just as you suggested in order to discredit a legitimate premise. Really...Look at that POS response on "Gerry on Feb 3, 2012 at 10:10 AM"...worthless garbage!
        • reply
          by Gerry on Feb 3, 2012 at 02:25 PM in reply to
          By Monday at noon, Obama will have been Prez for 1112 days, for 3.04 years. By all means, stop posting, except you love having me beat you down.
        • reply
          by yep on Feb 3, 2012 at 03:15 PM in reply to
          and he's sucked every day he's been there.
  • by Gerry Location: Tallahassee on Feb 2, 2012 at 02:55 PM
    The article says the yield inched down. That is a reference to the yield on US Treasury 10 year notes. As of today, the US borrows for 10 years at 1.82%. Total US national debt on 2/1/12 = $15.331 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = 5.728 trillion. Increase in total national debt during Obama's administration = $4.704 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.
    • reply
      by Anonymous on Feb 3, 2012 at 05:48 AM in reply to Gerry
      The Federal Reserve buying it's own paper to push rates down because everyone else is trying to get out of dollars due to obama's spending policies
      • reply
        by Gerry on Feb 3, 2012 at 07:00 AM in reply to
        The Fed is buying its own paper? No, the Fed is buying debt, Treasury debt. The Fed is also buying in the secondary market, not directly from the Treasury. The Fed is buying in effect, used debt, from somebody besides the Treasury. You are posting anonymously so you will not be accountable for what you say.
        • reply
          by Anonymous on Feb 3, 2012 at 08:27 AM in reply to Gerry
          FUNNY HOW YOU KEEP ARGUING WITH UNACCOUNTABLES....... your words say one thing but your actions are just like your presidents. HAHAHAHAHA
        • reply
          by AnOnYmOuS on Feb 3, 2012 at 08:54 AM in reply to Gerry
          PAPER is another term for debt genius....... anonymous posted that but he has but he has no credibility.... you narcissism will require you to respond though.
        • reply
          by Gerry on Feb 3, 2012 at 10:00 AM in reply to Gerry
          @AOYOS You're a genius. The Fed isn't buying its own debt. The Fed doesn't issue Treasury debt.
        • reply
          by Gerry on Feb 3, 2012 at 10:05 AM in reply to Gerry
          @ Anonymous People posting anonymously say stupid and wrong things exactly because they are unaccountable. I don't argue with unaccountables, I correct accountables.
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