Stocks rallied to finish mixed Thursday after spending most of the day in the red. Investors were reminded that Europe has not solved its debt crisis and the U.S. economy is far from healed.
Archive for March 29th, 2012
Dow Climbs Late to Eke Out a Gain Stocks ended mostly lower as economic data and overseas concerns weighed on investor sentiment, though blue chips eked out their first gain in three days with a late-day surge.
U.S. stocks finish mostly lower on Thursday, though the Dow Jones Industrial Average stages a late-session turnaround and ends higher.
The major stock indexes spent most of Thursday in the red for the third day in a row, as investors continued to be concerned about the economies of Europe and the U.S. But stocks rallied, and the Dow finished slightly ahead.
Stocks finished mixed Thursday, recovering from a 1 percent decline across the board earlier in the session, but gains were limited as investors remained on edge amid ongoing weakness overseas.
U.S. stocks finished mostly lower on Thursday, though the blue-chip Dow Jones Industrial Average managed to reverse losses and end in positive territory. The Dow gained 19.61 points, or 0.2%, to finish at 13,145.82, with Alcoa Inc. and Caterpillar Inc. among the top gainers.
Shares of Apple fell from a record after a boutique research firm said that apparently plentiful inventory and lack of positive chatter suggest that new iPad sales may fall short of Wall Street’s lofty expectations.
Stocks fell Thursday afternoon in New York with shares of Coca-Cola Co. and Bank of America Corp. in focus.
A look at Nasdaq 10 most-active stocks at 1 p.m.: Apple Inc. fell 1.0 percent to $611.35 with 13,012,200 shares traded.
With the broader equities market pulling back further, selling again dominates among energy stocks, as natural gas futures drop 5%.