Wall Street mixed as investors digest EU rescue package

08:38, May 12, 2010      

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Wall Street traded mixed on Tuesday as investors digested the European 1-trillion rescue package.

Major indexes booked their best gains in more than a year on Monday after European leaders agreed to provide a huge rescue package of nearly 1 trillion dollars to aid the debt-laden countries, giving investors great relief.

The market cooled down one day after the big rally as some analyst pointed out the rescue package only addresses the short- term needs in stead of solving the underlying problems.

The Dow Jones industrial average fell 36.88, or 0.34 percent, to 10,748.26. The Standard & Poor's 500 index dropped 3.94, or 0. 34 percent, to 1,155.79 and the Nasdaq was up 0.64, or 0.03 percent, to 2,375.31.



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