New York, NY (AP) - Stocks are closing mixed as the dollar
strengthens over concerns that Ireland may need to be bailed out by
its European neighbors.
The stronger dollar, which tends to hurt U.S. exports, led
stocks to pare their gains from a strong report earlier Monday on
retail sales for October.
According to preliminary calculations, the Dow Jones industrial
average is up 9, or 0.1 percent, to close at 11,202. It had been up
as much as 88 earlier in the day.
The broader Standard & Poor's 500 index is down 1, or 0.1
percent, to 1,198, and the Nasdaq is down 4, or 0.2 percent, to
2,514.
Gaining and falling shares were even on the New York Stock
Exchange, where volume came to 878 million shares.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
