Stocks Ended Mixed on EU Summit Hopes

U.S. stocks closed mostly higher Tuesday on a report that European leaders might create a second bailout fund to supplement the one they have already agreed to. The Dow Jones Industrial Average rose 52.30 points, or 0.43%, to 12,150.13. The S&P 500 gained 1.39 points, or 0.11%, to 1,258.47. The Nasdaq Composite slipped 6.20 points, or 0.23%, to 2,649.56.

Apparel retailer Men’s Wearhouse Inc. said late Tuesday third-quarter net earnings were $39.9 million, or 77 cents a share, up from $25.3 million, or 47 cents a share, a year ago. Adjusted earnings in the most recent period were 79 cents a share. Total company sales came in at $584.6 million compared with $550.1 million in the year-earlier quarter.

Crude-oil futures spent most of Tuesday wavering between small gains and losses.Crude futures for January delivery advanced 29 cents, or 0.3%, to settle at $101.28 a barrel on the New York Mercantile Exchange.

Lehman Brothers Holdings Corp, now just the odds and ends of the global financial behemoth that collapsed in September 2008, received court approval on Tuesday to exit bankruptcy early next year.






Leave a Reply