US Stocks Flat After Mixed Economic Data


Salon Staff
February 3, 2012 2:09AM (UTC)

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.

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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.


Salon Staff

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