Higher oil prices leave US stocks mixed

By DPA, IANS
Monday, December 20, 2010

NEW YORK - Major US stock indices were mixed Monday as oil prices rose.

Oil futures closed in on $89 a barrel, which was widely seen as a sign of confidence in the economy for 2011. Energy listings rose in Monday trading.

A survey of economists by the Bloomberg financial news agency showed exceptions for the revised third-quarter growth estimate to be adjusted higher in a government report later this week on gross domestic product.

The blue-chip Dow Jones Industrial Average edged down 13.78 points, or 0.12 percent, to 11,478.13. The broader S&P 500 was up 3.17 points, or 0.25 percent, to 1,247.08. The technology-heavy Nasdaq Composite Index climbed 6.59 points, or 0.25 percent, to 2,649.56.

The US currency gained against the euro to 76.2 euro cents from 75.83 euro cents Friday. The dollar slipped against the Japanese currency to 83.78 yen from 83.98 yen.

Filed under: Economy

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