Stocks Finish Mixed; Nasdaq Extends Rally
NEW YORK ( TheStreet) -- U.S. stocks finished mixed on Monday, getting the holiday-shortened week off to a slow start following Friday's euphoric response to European summit developments.
The equity markets are slated to close early at 1 p.m. ET on Tuesday and be shut down completely on Wednesday for the July 4th Independence Day holiday.
Monday's economic data provided little impetus to rally further as a weaker than anticipated report showed a contraction in monthly manufacturing activity for the first time in nearly three years but the Nasdaq and S&P 500 both managed modest gains while the Dow finished more than 75 points above its session low.
The Dow Jones Industrial Average lost nearly 9 points, or 0.07%, to close at 12,871.The S&P 500 added more than 3 points, or 0.25%, to settle at 1365.51. The Nasdaq booked a gain of more than 16 points, or 0.55%, to finish at 2951, its high for the day.
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