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Markets Mixed in Light Trading

Perked-up GM helps send Dow into holiday weekend on gain

By Nick McMaster, Newser Staff

Posted Jul 3, 2008 12:42 PM CDT

(Newser) – The markets ended mixed today amid flat economic news, MarketWatch reports. With volume light ahead of the holiday, General Motors enjoyed a rebound after a sharp fall yesterday helped push the market into bear territory. The Dow gained 73.03 to close at 11,288.54. The S&P 500 gained 1.38, closing at 1,262.90, while the Nasdaq lost 6.08 and settled at 2,245.38.

June unemployment data came in only slightly worse than forecast and stirred little reaction, as did oil’s move above $145 per barrel. "It looks like everyone who wanted to unload shares did it (yesterday), before they got out of town," said one manager said of today's shortened session. "That's left us in a pretty good position for a rally today."

Traders work on the floor of the New York Stock Exchange, Thursday July 3, 2008. (AP Photo/Richard Drew)

Fireworks light up the closing bell ceremonies of the New York Stock Exchange, Thursday July 3, 2008. (AP Photo/Richard Drew)

Trader Michael Capolino, right, talks on his mobile phone as he works on the floor of the New York Stock Exchange, Thursday July 3, 2008. (AP Photo/Richard Drew)

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Markets Mixed in Light Trading

Perked-up GM helps send Dow into holiday weekend on gain

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Stocks Close Up 248 Despite Tough Jobs News

But Friday rally can't heal brutal weekly losses

Dow Off 400+ Again, Below 9K

Worrisome news on retail, jobs sink stocks

Dow Sinks Below 11K

Fannie, Freddie continue to sink; regional banks hit hard

Dow Enters Bear Market

Nasdaq also falls more than 20% from its high

Dow Plummets 513

All major indexes are in negative territory for the year

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Markets Mixed in Light Trading

Perked-up GM helps send Dow into holiday weekend on gain

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OTHER STORIES ON OUR RADAR

NASDAQ • Dow Jones • General Motors • unemployment • oil price • ECB • S&P 500

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Stocks Close Up 248 Despite Tough Jobs News

But Friday rally can't heal brutal weekly losses

Dow Off 400+ Again, Below 9K

Worrisome news on retail, jobs sink stocks

Dow Sinks Below 11K

Fannie, Freddie continue to sink; regional banks hit hard

Dow Enters Bear Market

Nasdaq also falls more than 20% from its high

Dow Plummets 513

All major indexes are in negative territory for the year

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?