Alcoa tumbled 5.1% after reporting a wider-than-estimated loss, and a job cut announcement. Financials gained as Bernanke stated that more capital injections and guarantees may become necessary while Obama urged congress to release remaining $ 350 billion TARP fund.
In economic news, trade deficit shrank nearly 29% in November, the biggest contraction in 12 years.
Dow slipped 25.41 points, or 0.30%, to 8,448.56. The S&P 500 index rose 1.53 points, or 0.18%, to 871.79, while the Nasdaq composite index gained 7.67 points, or 0.50%, to 1,546.46.
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