A muddled finish for stocks on first trading day
NEW YORK (AP) — U.S. stocks are starting off the New Year with mixed results.
An unexpected slowdown in manufacturing last month deflated an early increase in U.S. stock indexes Friday.
Oil prices fell and the euro weakened against the dollar.
The Dow Jones industrial average rose 10 points, or 0.1 percent, to 17,833. The Dow was up as much as 128 earlier, but spent most of the day in the red. Last year the Dow gained 7.5 percent.
The Standard & Poor’s 500 was little changed at 2,058 Friday. The Nasdaq fell nine points, or 0.2 percent, to 4,726.
Oil dropped 58 cents to $52.69 a barrel.
The euro slipped to its lowest against the dollar in 4-1/2 years.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.11 percent.