Economic Calendar

Tuesday, October 21, 2008

US STOCKS-Wall Street cuts losses on credit market easing

Share this history on :

NEW YORK, Oct 21 (Reuters) - U.S. stocks cut losses and the Dow briefly turned positive on Tuesday, pulled higher by gains in diversified manufacturer 3M (MMM.N: Quote, Profile, Research, Stock Buzz) and more signs of thawing in the seized up credit markets.

The Dow Jones industrial average .DJI was off 5.73 points, or 0.06 percent, to 9,259.70. The Standard & Poor's 500 Index .SPX dipped 2.50 points, or 0.25 percent, to 982.90. The Nasdaq Composite Index .IXIC slipped 43 points, or 0.31 percent, to 1,764.60.

The main indexes were down more than 1 percent soon after the opening.

(Reporting by Leah Schnurr; Editing by Kenneth Barry)




No comments: