US stocks end mixed as Hurricane Rita loses strength

The US stock market closed mixed Friday as Hurricane Rita lost strength and oil prices fell.

The Dow dropped 2.46, or 0.02 percent, to 10,419.59, after sliding as much as 49.75 in early activity.

The broader stock indicators moved higher. The Standard & Poor's 500 index rose 0.67, or 0.06 percent, to 1,215.29, and the technology-laced Nasdaq gained 6.06, or 0.29 percent, to 2,116.84.

For the week, the Dow lost 2.09 percent, the S & P declined 1. 83 percent and the Nasdaq ended 2.01 percent lower.

On the market, advancers led decliners by 17 to 16 with a volume of 2.01 billion shares, down from the 2.42 billion shares traded Thursday.

Source: Xinhua



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