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U.S. stocks range bound as economy slackens
Sri Lankan News.Net
Tuesday 24th November, 2009
U.S. stocks were directionless Tuesday after third quarter GDP was confirmed at an annualised 2.80% for the third quarter.
This was considerably below the 3.50% which was estimated last month.
Despite the revision ecnomic growth is now at its best level in two years.
At the close of trading Tuesday the Dow Jones Industrials were down 17.24 point or 0.17% at 10,433.71.
The Nasdaq Composite was down 6.83 points or 0.31% at 2,169.18.
The Standard and Poor's 500 was down 0.59 of a point or 0.05% at 1,105.65.
The U.S. dollar was mixed around the New York Tuesday. It rose against the Swiss franc to 1.0090. Against the Japanese yen however the dollar retreated, falling to 88.52.
The euro was slightly stronger at 1.4960. The British pound was weaker at 1.6571.
The Australian dollar nudged up to .9186. The Canadian dollar was unmoved at 1.0585.  Email this story to a friend
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