November 15th, 2010
07:55 PM ET

Stocks rise then fall as jitters remain

A look at highlights from the day's business news:

After posting gains nearly all day, U.S. stocks tumbled at the session's close Monday, as investors remain jittery during a week with a full economic calendar.

At the closing bell, the Dow Jones industrial average only gained 9
points, or 0.1%, after climbing as much as 88 points earlier in the session. The S&P 500 fell 1 point, or 0.1% and the tech heavy Nasdaq fell 4 points, or 0.2%.

Early in the session, investors welcomed news from Caterpillar that it
planned to acquire mining equipment company Bucyrus International. A strong retail sales report also gave stocks a boost at the get-go.
But stocks struggled to hold on to those gains toward the closing bell,
as investors gear up for more economic data due out later this week. Tuesday brings reports on industrial production and the latest Producer Price Index, an important reading on the price of goods at the wholesale level.

"This market never really had a lot of conviction going in, even though
we had some pretty good economic data to chew on. Investors just didn't have the passion for buying stocks today," said Jack Ablin, chief investment officer for Harris Private Bank in Chicago.

– CNNMoney.com reporter Annalyn Censky contributed to this report.

Post by:
Filed under: Business • Economy
soundoff (2 Responses)
  1. LOW LYF

    GREAT IM BROKE

    November 16, 2010 at 7:11 am | Report abuse | Reply
  2. Richard in Texas

    What happened. Everything was supposed to be wine and roses after our republican overloads, (All Hail over republican overloads) won the elections?

    November 16, 2010 at 12:51 pm | Report abuse | Reply

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.