Wednesday, February 15, 2012

U.S. stocks Dow Jones futures down feb 15 2012

U.S. stocks Dow Jones futures down feb 15 2012 : U.S. stocks traded in mixed territory as investors balanced China's pledge to step up its participation in a euro-zone bailout of Greece against reports that euro-zone finance officials were seeking ways to delay at least part of the latest bailout.

The Dow Jones Industrial Average slipped 15 points, or 0.1%, to 12862 in early trade, after rising for five out of the past six days. The Standard & Poor's 500-stock index edged up 3.70 points, or 0.3%, to 1354.20 and the Nasdaq Composite added 20 points, or 0.7%, to 2952.


Leading the declines were industrials and telecommunications stocks. Caterpillar lost 0.7%, and AT&T lost 0.9%. Limiting losses were technology and financial stocks. Bank of America rose 1% and Hewlett-Packard gained 1.2%.

The gyrations came after a U.S. morning that saw European markets and U.S. stock futures rise after People's Bank of China Governor Zhou Xiaochuan said China's central bank will expand its investments of euro-denominated assets. Zhou also reiterated the view that the PBOC would become more involved with the European Financial Stability Facility.

But those gains evaporated after headlines suggesting euro-zone finance officials were looking to delay at least part of the latest Greek bailout, without triggering a default. The Stoxx Europe 600 saw an early 1% advance shrink to a 0.4% gain.

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