11 Apr '11, 9pm

US stocks mixed as earnings season gets underway

NEW YORK: US stocks closed mixed on Monday ahead of the start of the corporate earnings season and a week packed with economic reports. The Dow Jones Industrial Average managed to eke out a 1.06 point (0.01 percent) gain to finish the day at 12,381.11. The tech-rich Nasdaq Composite fell 8.91 points (0.32 percent) to 2,771.51, while the S&P 500-stock index, a broad measure of the markets, dropped 3.71 points (0.28 percent) to 1,324.46. "Stocks finished mixed and little changed as the trading session was met with some caution ahead of the beginning of 1Q earnings season, which unofficially started after the closing bell with Dow member Alcoa reporting a profit that was a penny ahead of forecasts," Charles Schwab analysts said in a client note. The aluminium giant closed 0.84 percent lower at $17.77, before reporting a swing back to profit for the January-March period compar...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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