U.S. stocks close little changed on weak data, rising oil

U.S. stocks closed little changed Thursday as weak economic data and disappointing earnings weighed against a rise in oil prices. The Dow Jones Industrial Average advanced 9 points to close at 17,661. The S&P 500 Index slipped 0.5 point to close at 2,051. The Nasdaq Composite Index shed nearly 9 points to finish at 4,717. Both the S&P 500 and Nasdaq logged a third straight day of losses. Oil futures for June settled up 1.4% at $44.32 a barrel as a wildfire in Canada’s oil-sands region and fighting in Libya threatened to disrupt production.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply