U.S. stocks mixed after choppy session

08:38, March 09, 2010      

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U.S. stocks closed mixed after fluctuating in narrow range on Monday, as investors digested both upbeat corporate news and a fall in healthcare sector.

Tech-heavy Nasdaq managed to stay in positive area, after Research in Motion was upgraded as analysts expect the Blackberry maker to report strong quarterly results and a robust outlook. RIM shares gained 5.58 percent to dollars.

U.S. stocks rallied sharply last Friday, boosted by a better- than-expected unemployment report. Major indexes surged more than 1 percent and the S&P extended its winning streak to the sixth day.

But the optimism was somehow overshadowed on Monday after President Obama's push for healthcare reform sent healthcare stocks plunging.

Before the market opened on Monday, AIG announced to sell its foreign life insurance unit to MetLife Inc for about 15.5 billion dollars, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout.

The Dow Jones industrial average dipped 13.68, or 0.13 percent, to 10,552.52. The Standard & Poor's 500 index inched down 0.19, or 0.02 percent, to 1,138.50 and the Nasdaq edged up 5.86, or 0.25 percent, to 2,332.21.

Source:Xinhua
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