>> ASIAONE / BUSINESS / NEWS / STORY
Thursday, Jun 14, 2012
AFP
US stocks mixed in opening trade

NEW YORK - US stocks opened mixed Thursday after disappointing government economic data on jobs and inflation, with investors keeping an eye on Europe's expanding debt crisis.

About five minutes into trade, the Dow Jones Industrial Average was up 17.78 points, or 0.14 per cent, to 12,514.16.

The S&P 500-stock index advanced 1.45 (0.11 per cent) to 1,316.33, while the tech-heavy Nasdaq Composite fell 3.73 (0.13 per cent) to 2,814.88.

"Continued eurozone debt crisis uneasiness is being met with some disappointing US economic data," Charles Schwab & Co. analysts said.

Weekly initial jobless claims rose more than expected and consumer prices fell in May for the first time in two years, driven by falling gasoline prices, but core inflation rose 0.2 per cent for the third straight month.

On Wednesday, weak May retail sales data hit investor sentiment. The Dow dropped 0.6 per cent, the S&P 500 0.7 per cent and the Nasdaq 0.9 per cent.

 

 

 

 

 
STORY INDEX
 
  US stocks mixed in opening trade
   
 
  Late businessman leaves $500k to Queenstown estate
   
 
  Nokia to cut one in five jobs
   
 
  Orchard Parade to sell 3 assets to SGX-bound hospitality trust
   
 
  FOREX-Euro supported but Italy, Greece risks loom
   
 
  Sterling dips, caution sets in ahead of Greek elections
   
 
  Let Japan process nickel in Indonesia: Industry minister
   
 
  Spain borrowing costs, stocks hit by Moody's downgrade
   
 
  Asian markets slip on US losses, Europe woes
   
 
  Study urges more focused branding
   
>> RELATED STORY
Japan stocks finish slightly higher
Euro slides in Asian trade as caution weighs
World stocks mixed amid Spanish bailout clouds
China money rates rise with worries over cash demand
Australia shares edge up; Qantas jumps on takeover defence
We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search AsiaOne: