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VOL. 36 | NO. 43 | Friday, October 26, 2012
A mixed close for stocks following 2-day shutdown
NEW YORK (AP) — Stocks are closing mixed on Wall Street after the market reopened following a two-day shutdown caused by Superstorm Sandy.
The Dow Jones industrial average gave up an early gain and closed down 11 points at 13,097 Wednesday.
The Standard & Poor's 500 edged up less than a point to 1,412. The Nasdaq lost 11 points to end at 2,977.
Home Depot and Lowe's rose as investors anticipated more business for the home improvement chains as people made repairs in the aftermath of the devastating storm. Netflix soared after financier Carl Icahn said he had bought a 10 percent stake in the troubled company.
About three stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 3.4 billion shares, in line with the recent average.