Mon, June 28, 2010
Business > Markets

US stocks open week trading in narrow range

2010-06-28 14:03:55 GMT2010-06-28 22:03:55 (Beijing Time)

NEW YORK – Stocks are trading in a narrow range as consumers remain tentative about spending and the Group of 20 nations pledged to cut budget deficits.

The lack of any major moves comes ahead of a big week of domestic economic data, culminating with the monthly jobs report. A report Monday shows consumers are still nervous about spending as unemployment remains high.

Industrialized countries among the G20 have said they will cut deficits in half by 2013. However, they have not agreed about further stimulus spending.

The Dow Jones industrial average is up 11.71, or 0.1 percent, at 10,155.52. The Standard & Poor's 500 index is up 0.63, or 0.1 percent, at 1,077.39, while the Nasdaq composite index is up 0.25, or less than 0.1 percent, at 2,223.73.


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