The Joplin Globe, Joplin, MO

Business

May 25, 2012

US stocks open mixed ahead of holiday weekend

NEW YORK — U.S. stocks are opening mixed as traders worry that European leaders don’t have a concrete plan for dealing with Greece’s financial troubles.

Major indexes flitted between small gains and losses in the opening minutes of trading.

The Dow Jones industrial was down 11 points to 12,519 shortly after the opening bell Friday. The Standard & Poor’s 500 was up 2 points to 1,323. The Nasdaq composite index was up 6 points to 2,845.

Major markets were down in France, Britain, Germany, Greece and Spain.

In Asia, markets were rattled by reports that some of China’s biggest banks will miss their annual lending targets for the first time in seven years. The slowdown in lending suggests companies are delaying investments due to uncertainty about the economic outlook.

 

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