Wall Street trades mixed on weak economic reports
NEW YORK, Feb. 15 (Xinhua) — Wall Street traded mixed on Friday on weak economic reports.
A New York Federal Reserve survey on regional manufacturing indicated that conditions deteriorated this month, while the preliminary Reuters/University of Michigan survey on consumer sentiment for February showed a marked decline from the prior month.
The Labor Department’s report said import prices have jumped amid higher oil prices.
With stock markets closed Monday for the President’s Day holiday and fresh economic concerns, investors appeared uninterested in making any sizable moves.
The Dow Jones industrial average fell 28.77, or 0.23 percent, to 12,348.21. The Standard %26amp; Poor’s 500 index edged up 1.13, or 0.08 percent, to 1,349.99. The Nasdaq composite index fell 10.74, or0.46 percent.
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