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Dow ends lower on disappointing U.S. economic data.

NEW YORK, Jan. 31 Kyodo

The Dow index ended slightly lower Tuesday, extending its losing streak to four trading days on disappointing U.S. economic data.

The 30-issue Dow Jones Industrial Average, which fell 6.74 points Monday, dropped 20.81 points, or 0.16 percent, to end at 12,632.91. The tech-heavy Nasdaq Composite Index, which lost 4.61 points the previous day, edged up 1.90 points, or 0.07 percent, to 2,813.84.

Stocks opened higher as investors welcomed an agreement made by 25 European Union nations at their summit Monday on a new treaty for stricter budget discipline in the eurozone, market analysts said.

Selling quickly took the upper hand, however, following the release of worse-than-expected U.S. economic figures for manufacturing, consumer spending and housing, notably weighing on the Dow, the analysts said.
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Publication:Japan Weekly Monitor
Date:Feb 6, 2012
Words:140
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