Stocks finish narrowly mixed as investors monitor Egypt crsisis
Stocks finished narrowly mixed in uneasy trading as the political crisis in Egypt seems to be worsening as fighting between forces supporting President Hosni Mubarak and those who oppose him intensify.
ADP said private companies added more jobs in January than analysts were expecting.
The Dow Jones Industrial Average closed basically flat, edging up 1,81 points, or 0.02 percent, to 12,041.97, a day after it reached a two-and-a-half-year high.
The S&P 500 index slipped 3.56 points, or 0.27 percent, to 1,304.03
The Nasdaq composite edged down 1.03 points, or 0.04 percent, to 2750.16.
Time Warner Inc. (NYSE: TWX) surged rose 8.64 percent after the
Broadcast company said its fourth-quarter profit soared 22 percent and it upgraded its 2011 forecasts.
Electronic Arts Inc. (Nasdaq: ERTS) rocketed 15.81 percent company raised its profit estimate.
Bonds fell as the yield on the 10-year Treasury note climbed to 3.49 percent from 3.43 percent late Tuesday.
© Copyright IBTimes 2024. All rights reserved.