Stocks erased earlier losses to close mixed amid renewed concerns about the debt crisis in Europe. The market was supported by strong sales gains by the main U.S. automakers and a rise in November factory orders. Seagate Technology climbed by more than 7% after hours. The company said it expects to report a much higher revenue. Goldman Sachs has warned that Amazon could miss its Q4 projections because of a deterioration in the growth of online shopping. European markets show weakness.
Thursday, January 5, 2012
Holding gains in quiet trading
Stocks erased earlier losses to close mixed amid renewed concerns about the debt crisis in Europe. The market was supported by strong sales gains by the main U.S. automakers and a rise in November factory orders. Seagate Technology climbed by more than 7% after hours. The company said it expects to report a much higher revenue. Goldman Sachs has warned that Amazon could miss its Q4 projections because of a deterioration in the growth of online shopping. European markets show weakness.
