Stocks mixed after Fed's good news

A late-day slump left stocks mixed as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy.

The Dow Jones industrial average, up more than 150 points after the Fed described the economy as showing more signs of recovery, closed up 30. The broader indexes were narrowly mixed.

Analysts couldn't point to any one reason why stocks gave up their gains, although some said the market is increasingly nervous as the release of the government's October jobs report tomorrow approaches. Financial stocks fell especially hard in the last hour of trading after a House vote to speed up the effective date of limits on credit card companies, and added to the overall market's pullback.

Read the whole story on NJ or try our Toolbar
Bookmark and Share
blog comments powered by Disqus

Related stories:

  • Goldman Sachs, Citigroup among NYC employers that got hard-to-find swine flu vaccine

    Nov 5th, 2009 - Los Angeles Times

    Goldman Sachs, Citigroup among NYC employers that got hard-to-find swine flu vaccineNEW YORK (AP) - Some of New York's biggest companies, including Wall Street giants Goldman Sachs and Citigroup, received doses of swine flu vaccine for at-risk employees...

  • TARP Watchdog Sees Possible Profits From Guarantee Programs

    Nov 6th, 2009 - CNNMoney

    WASHINGTON -(Dow Jones)- The U.S. government is likely to make a profit ontrillions of dollars in guarantees made during the height of the financialcrisis, though such arrangements do expose taxpayers to significant risk...

  • Banks borrow more from emergency Fed program

    Nov 5th, 2009 - AOL Money & Finance

    WASHINGTON -Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week, while reducing their use of other credit programs designed to ease the financial crisis.

  • Goldman Sachs, Citigroup got swine flu vaccine

    Nov 5th, 2009 - Boston

    NEW YORK—Some of New York's biggest companies, including Wall Street giants Goldman Sachs and Citigroup, received doses of swine flu vaccine for at-risk employees...

  • U.S. markets surge Thursday

    Nov 5th, 2009 - UPI

    NEW YORK, Nov. 5 (UPI) -- A drop in first-time jobless claims and increased productivity helped push U.S. stocks over the 10,000 point mark Thursday. The Labor Department...

More stories ...

Related videos from YouTube:

More videos ...

Google Search: