Stocks erased early losses to close mixed as investors weighed fears about Europe's debt crisis against upbeat reports on the U.S. economy. Investors welcomed a better-than-expected U.S. economic reports but disappointed by Italian and Spanish bond yields. The underlying tone of trading remained cautious. The market needs more catalysts to move higher. In the same time, Taiwan handset maker HTC Corp. said Friday its Q4 profit fell 26% as a result of intensifying competition and a slowing global economy.
Friday, January 6, 2012
Inching higher
Stocks erased early losses to close mixed as investors weighed fears about Europe's debt crisis against upbeat reports on the U.S. economy. Investors welcomed a better-than-expected U.S. economic reports but disappointed by Italian and Spanish bond yields. The underlying tone of trading remained cautious. The market needs more catalysts to move higher. In the same time, Taiwan handset maker HTC Corp. said Friday its Q4 profit fell 26% as a result of intensifying competition and a slowing global economy.
