Mixed Trading Session Ends Best Month for Stocks Since April
Friday, November 30, 2001
foxnews.com
NEW YORK — Wall Street ended mixed Friday as investors weighed dismal economic reports against more positive corporate news and stayed optimistic that 2002 would bring a turnaround.
The Dow Jones industrial average closed up 22.14, or 0.23 percent, to end at 9,851.56. The Nasdaq composite index declined 2.69 points, or 0.14 percent, to 1,930.57, and the Standard & Poor's 500 index slipped 0.75 points, or 0.07 percent, to 1,139.45.
Throughout the past week, investors have been wavering between optimism about the future and concerns about the current economy. Their indecision was apparent in Tuesday's session, when the Dow dropped 110 points on a weaker-than-expected reading on consumer confidence, and in Thursday's trading, when the blue chips rose 117 after the Commerce Department reported that durable goods orders soared a record 12.8 percent in October.
Investors were disappointed by economic news that revealed the U.S. economy was shrinking at an annual rate of 1.1 percent from July through September, the weakest showing in a decade. |
