Dow Ends Up 10 As Rally Fizzles

0

Wall Street’s attempt at a rally fizzled Monday, with the major indexes rising in response to a Middle East cease-fire and then giving up most of their gains later in the day, the Associated Press reports.


Investors initially saw the cease-fire between Israel and Lebanon as a buying opportunity after last week’s losses, and the Dow Jones industrial average surged as much as 115 points. Light trading volumes, however, pointed to a lack of depth to the buying, and stocks retreated.


According to preliminary calculations, the Dow rose 9.84, or 0.09 percent, to 11,097.87. The Dow lost 1.36 percent last week. Broader stock indicators also rose. The Standard & Poor’s 500 index added 1.47, or 0.12 percent, to 1,268.21, and the Nasdaq composite index gained 11.33, or 0.55 percent, to 2,069.04.



Read the full Associated Press story

.



Today’s Winners & Losers


DTS Inc. finished up 8.6 to close at $17.89 while Enova Systems gained 6.5 percent to close at $4.90 and En Pointe Technologies gained 6.4 percent to close at $2.66 a share.


On the down side were American Reprographics, which lost 5.9 percent to close at $29.95, LJ International, which lost 5.9 percent to close at $4.02 and YouBet.com, which lost 5.7 percent and closed the day at $3.49.

No posts to display