U.S. stocks trade mixed on earnings, concerns on financial reform

08:07, April 27, 2010      

Email | Print | Subscribe | Comments | Forum 

Wall Street traded mixed on Monday as investors worried the possible U.S. financial regulatory reform would curb financial companies' profit.

The U.S. stocks opened higher in the morning as robust earnings continued to boost market sentiment.

Dow outperformed other major indexes after Caterpillar Inc. reported a profit in the first quarter before the opening bell.

The heavy machinery maker also raised its forecast for the year, saying economic conditions are definitely improving, particularly in the world's developing economies.

However, concerns over Greece's ability to access rescue funds soon enough to avoid default kept the gains in check for broader indexes.

Investors were also worried the possible financial regulatory reform would undermine financial companies' capabilities to make profit.

The Dow Jones industrial average inched up 0.75, or 0.01 percent, to 11,205.03. The Standard & Poor's 500 index was down 5. 23, or 0.43 percent, to 1,212.05, and the Nasdaq declined 7.20, or 0.28 percent, to 2,522.95.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion