Stocks Opened Mixed , Eyed Shoppers

U.S. stock opened mixed on Monday as investors digested the results of the kickoff of the holiday
shopping season and looked forward to a heavy week of economic data. The Dow Jones Industrial
Average lately slipped 25.30 points, or 0.16%, to 16,061.11. The S&P 500 traded up 0.33 point, or 0.02%, at 1,806.14. The Nasdaq Composite rose 4.16 points, or 0.10%, to 4,064.05.

U.S. manufacturing accelerated to a ten-month high in November, according to the final purchasing
managers index released by Markit on Monday. The manufacturing PMI rose to 54.7, which is above
the flash estimate of 54.3 and compared to the 51.8 reading in October.

More than 131 million people in the U.S. are projected to take advantage of Cyber Monday deals as
the annual event continues to gain popularity, according to a survey by the National Retail

Evidence that Britain’s economy is accelerating away from its European neighbours drove sterling
to a five-year high on Monday, as signs of backsliding in France and Spain spooked euro zone

The Organization of Petroleum Exporting Countries (OPEC) will likely keep production targets
unchanged at the group’s meeting this Wednesday to offset declining output mainly from Libya,
strategists told CNBC.

About the Author

has written 15958 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks