Tuesday, May 11, 2010

US stocks hold gains after bailout

THE stock market has mostly held on to its big comeback after investors set aside worries about Europe's debt struggles.

Major indexes have ended mixed today. The market posted its biggest gain in more than a year yesterday on relief over the European Union's bailout program for weak countries like Greece.

Analysts say today's more modest moves signal that yesterday's 405-point gain in the Dow was based on more than just euphoria.

At the close, the Dow Jones industrials are down 37 at 10,748. The Standard & Poor's 500 index is down 4 at 1156. The Nasdaq composite index is up less than 1 at 2375.

Advancing stocks outpaced those that fell on New York Stock Exchange. Volume totalled 1.5 billion compared with 1.9 billion yesterday.

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US stocks hold gains after bailout



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