N.Y. stocks end lower on rekindled credit uncertainty in Europe.
New York stocks gave up early gains to end slightly lower Wednesday on rekindled credit uncertainty in the eurozone economy.
The 30-issue Dow Jones Industrial Average, which climbed 47.98 points Tuesday, lost 19.07 points to finish at 11,457.47, after briefly marking a fresh intraday high for the year in the morning.
The tech-heavy Nasdaq Composite Index, which rose 2.81 points the previous day, fell 10.50 points to end at 2,617.22.
During morning trading, stocks gained ground on buying encouraged by improved economic figures in the U.S. manufacturing sector, market analysts said.
But stocks later turned negative with investors selling shares to lock in profits amid growing fears about financial problems in eurozone economies such as Spain, they said.
|Printer friendly Cite/link Email Feedback|
|Publication:||Japan Weekly Monitor|
|Date:||Dec 20, 2010|
|Previous Article:||Kyodo news summary -5-.|
|Next Article:||Dollar trades in lower 84 yen range in early Tokyo deals.|