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| Bank America ATM Closure (Photo credit: Rainforest Action Network) |
The Standard & Poor’s 500 Index fell less than 0.1 percent to 1,460.93 at 4 p.m. in New York, after climbing as much as 0.7 percent. The benchmark index increased 1.4 percent this week as U.S. economic reports topped estimates. The Dow Jones Industrial Average added 34.79 points, or 0.3 percent, to 13,610.15 today. Volume for exchange-listed stocks in the U.S. was 5.7 billion shares, or 4.6 percent below the three-month average.
“Today’s trading is a pattern we’ve seen before this week, with a strong start and then we give up gains later in the day,” Frederic Dickson, who helps oversee about $32 billion as chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon, said in a phone interview. “There’s still a lot of the dark cloud of the European financial situation hanging over the market, which sets the tone for the short-term intraday trading.”
The unemployment rate unexpectedly fell to 7.8 percent in September, the lowest since PresidentBarack Obama took office in January 2009, as employers took on more part-time workers. The economy added 114,000 workers, in-line with economists’ estimates, and August’s growth was revised higher by 46,000 jobs to 142,000. ... Continue to read.
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