Monday, December 22, 2008

US markets end mixed; Dow down 26 pts, Asian markets trading lower; Hang Seng down

US markets have closed mixed, losing early gains driven by the USD 17.5 billion auto bailout plan. Dow closed in the red; Nasdaq and S&P 500 manage small gains.

The Dow Iones Industrial Average slipped 26 points to end at 8,579. But the S&P 500 index rose 3 points to close at 889 and the Nasdaq added 12 points to close at 1,564.

Banks suffered after Standard & Poor's cut its rating on 12 major financial institutions in the US and Europe.

Crude prices slipped below USD 34 per barrel. Dollar mixed against other currencies.


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