Dow mixed as China raises interest


The Dow Jones industrial average fell by 18.46 points to close at 11,555.03

US stocks were mixed at the close of Monday’s session, as traders shrugged off news that China raised interest rates to slow the pace of its economic growth.

Wall Street is also anticipating that Tuesday’s consumer confidence index for December will reflect the optimism of the strong holiday shopping season this year.

Otherwise, Monday was a quiet day following the holiday weekend. A blizzard in the north-east disrupted commutes for many traders and contributed to very light volume.

According to preliminary data, the Dow Jones industrial average finished down 18.46, or 0.16%, to 11,555.03 The S&P 500 was up 0.77 points, or 0.06%, to 1,257.54. And the Nasdaq composite index ended up 1.67 points, or 0.06%, to 2,667.27

The yield on the 10-year Treasury bond rose slightly to 3.34%.

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