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US mkts end firm amid weak economic report; Dow down 16 pts
Published on Wed, Mar 26 at 08:14 , Updated at Wed, Mar 26 at 08:41
Source : moneycontrol.com
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US markets took a blow from a batch of weak economic news, yet it managed to lift itself up off the mat and finish higher. Rebounding metal and oil prices lifted mining and energy shares, offsetting news of the biggest drop in consumer confidence in five years. Stocks weakened earlier in the session after reports showed consumer confidence fell sharply in March. The index slumped to a five-year low of 64.5. Home prices in 20 metros fell the most in January. The home-price index dropped 10.7% in January from a year earlier. Financials don't seem to be out of the woods yet. Metal and oil prices rebounded, snapping a 3-day losing streak. Alcoa ended 2% highe The Dow declined 16.04 points, or 0.13%, to 12,532.60. The S&P added 3.11 points, or 0.23%, to 1,352.99; the Nasdaq gained 14.30 points, or 0.61%, to 2,341.05. A look at how the Indian ADRs performed:
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