Wall Street pares gains after Spain downgrade

2010-04-28 16:06:13 GMT2010-04-29 00:06:13 (Beijing Time) SINA.com

Stocks pared gains on Wednesday after S&P downgraded Spain's debt rating, spurring risk aversion a day after Greece's and Portugal's ratings were also cut.

The Dow Jones industrial average (.DJI) gained 14.05 points, or 0.13 percent, to 11,006.04. The Standard & Poor's 500 Index (.SPX) rose 3.53 points, or 0.30 percent, to 1,187.24. The Nasdaq Composite Index (.IXIC) dropped 6.14 points, or 0.25 percent, to 2,465.33.

(Agencies)

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