Wall Street finished mostly flat as investors juggled encouraging news on the regulation of mortgage lenders with another round of bleak economic news. On the housing and manufacturing fronts, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years. New factory orders also dropped in January to five month lows.

Financial shares gained after regulators allowed Fannie Mae and Freddie Mac to buy more mortgages freeing up billions. Fannie Mae also reported bad earnings with a loss of $ 3.6 billion.

The dollar sank to a new low against the euro after Bernanke said the US would encounter more sluggish economic activity in the coming weeks and months.

The Dow Jones industrial average gained 9.36 points, or 0.07%, to 12,694.28. The Standard & Poor's 500 index was down 1.27 points, or 0.09%, to 1,380.02, and the Nasdaq composite index advanced 8.79 points, or 0.37%, to 2,353.78.

A look at how the Indian ADRs performed:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL Tata Comm Dr Reddy's Lab Tata Motors Patni Computer Sterlite Ind

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE TCL RDY TTM PTI SLT

Price 42.00 4.82 8.79 26.9 12.29 55.74 116.3 6.25 25.50 14.38 18.02 12.95 21.06

Change -0.41 0.04 0.42 0.16 -0.02 -0.57 3.12 -0.09 -0.38 0.06 -0.12 -0.24 -0.18

Change% -0.97% 0.84% 5.02% 0.60% -0.16% -1.01% 2.76% -1.42% -1.47% 0.42% -0.66% -1.82% -0.85%

Volume 2,371,499 72,207 77,052 602,472 378,881 1,866,009 728,579 275,494 154,352 299,900 697,223 31,900 1,201,074

High 42.27 4.83 8.79 27.12 12.60 56.49 117.09 6.45 25.93 14.40 18.20 13.36 21.73

Low 41.54 4.71 8.24 26.02 12.07 54.99 110.5 6.25 25.00 14.07 17.89 12.9 20.71