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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