Stocks Inch Higher, Shaking Off 4 Weeks of Losses

By: Associated Press
By: Associated Press

Stock indexes are closing with modest gains after a four-week losing streak.

The Dow Jones industrial average gave up an early gain of 200 points to close up 37. Compared with the wild swings of earlier this month, Monday's trading was relatively calm.

Bank of America lost 8 percent, the most among the 30 Dow stocks. Wells Fargo analysts cut their price target on the stock, citing fears that the U.S. could slip into a recession.

The Dow rose 37 points, or 0.3 percent, to close at 10,855.

The S&P 500 rose less than a point to 1,124. The Nasdaq rose 4 points, or 0.2 percent, to 2,345.

Three stocks fell for every two that rose on the New York Stock Exchange. Trading volume was above average at 4.7 billion.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 128203783 - kbtx.com/a?a=128203783