Stocks Trade Mixed, Headed for Big Weekly Loss

By: Associated Press

Posted: Fri 11:46 AM, Jul 15, 2011

Stocks are slightly higher in midday trading as concerns about Europe and a budget impasse in Washington kept market gains in check.

Indexes rose earlier Friday after strong earnings reports from Google Inc., Mattel Inc. and Citigroup Inc. Buyout offers for Clorox Co. and Petrohawk Energy Corp also lifted stock prices. The positive news overshadowed a weak report on U.S. factory output in June.

Investors were waiting for the results of stress tests designed to show how well Europe's banks would withstand losses on European government bonds.

Just before noon, the S&P 500 index is up 4 points, or 0.3 percent, at 1,313. The Dow is up 16, or 0.1 percent, at 12,453. The Nasdaq composite index is up 17, or 0.6, at 2,780.

Longtime BISD Employee to Head Up Downtown Bryan Association

We ask that the following Community Standards be followed:

Comments must not be profane or vulgar.

Comments must not use hate speech, racial slurs, or violent descriptions.

We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.

Comments must not contain negative, comparative debates between community standards of cities or towns.

Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.

Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html

Stocks Trade Mixed, Headed for Big Weekly Loss

Money Headlines By CBS