US stocks opened mixed

Written By Unknown on Kamis, 18 April 2013 | 09.16

US stocks have opened mixed, as a batch of solid corporate earnings competed with gloomy trends in key commodity markets.

Five minutes into trading on Thursday the Dow Jones Industrial Average dipped 17.90 points, or 0.12 per cent, to 14,600.69.

The broad-based S&P 500 added 0.16 points, or 0.01 per cent, to 1,552.17.

The tech-rich Nasdaq Composite Index rose 1.32 points, or 0.04 per cent, to 3,205.99.

The mixed results came on the heels of Wednesday's sharp losses that followed weak earnings reports and dreary economic sentiment in Europe.

Markets are troubled by the pummelling that copper and other commodities have taken in recent days, said Briefing.com analyst Patrick O'Hare.

The drop in base metals "has raised a number of flags as it pertains to the growth outlook", O'Hare said. "Also, burgeoning concerns about the goings-on in China and renewed concerns about the state of the eurozone are acting as headwinds."


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