Moneycontrol
Feb 22, 2012 08:49 AM IST | Source: Moneycontrol.com

US markets end mixed; crude rises to 9 month high

The US markets ended mixed after a choppy session. Higher oil prices and profit booking after the Greek rescue package led the markets lower. The Dow however touched 13,000 intraday.

US markets end mixed; crude rises to 9 month high

The US markets ended mixed after a choppy session. Higher oil prices and profit booking after the Greek rescue package led the markets lower. The Dow however touched 13,000 intraday.


Dow Jones Industrial Average was up 0.12% or 15.82 points at 12965.69. Nasdaq Composite was down 0.11% or 3.21 points at 2948.57. Standard & Poor's 500 was up 0.07% or 0.98 points at 1362.21.


In economic data to watch out for, existing home sales for January is expected to come out today. The data is expected to improve month on month.


In the currency space, the euro rose to nearly two-week highs against the dollar on investor relief that a bailout package for Greece finally came through after prolonged and acrimonious negotiations.


In commodities, crude price rise to fresh nine-month highs as top Asian consumers moved to cut crude purchases from Iran and after the euro group agreed to a second bailout package for Greece. Brent is currently at USD 121 levels.

In precious metals, gold prices rose above 1750 as the massive European bailout deal had investors buying the metal amid doubts the bailout will work.

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