Wed, August 18, 2010
Business > Markets

US stocks are mixed, investors make few moves

2010-08-18 16:14:13 GMT2010-08-19 00:14:13 (Beijing Time)  SINA.com

Stocks are mixed in listless trading as investors find little reason to extend the previous day's rally.

There is barely any news to motivate investors, and certainly not any that would persuade them to continue the rally that sent the Dow Jones industrial average up 103 points Tuesday. There are no big economic reports planned Wednesday.

Retailers continued reporting second-quarter earnings, and investors were ambivalent about the results.

Target Corp. missed analysts' forecasts for its second quarter revenue and offered a muted outlook for sales for the rest of the year. But the company told analysts it hopes to offset weak sales with higher sales of groceries and its new discounts for credit card holders.

The Dow is down 16, or 0.2 percent, at 10,389. The Standard & Poor's 500 index is down less than a point, or 0.3 percent, at 1,092. The Nasdaq composite index is up 4, or 0.2 percent, at 2,213.

(Agencies)

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