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.

Advertisement:

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

MORE FROM Salon Staff


Related Topics ------------------------------------------


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •