Stocks Barely Budge in Mixed Session
NEW YORK (TheStreet) -- The major U.S. equity averages finished mixed Tuesday as a stronger-than-expected rebound in retail sales in July failed to fuel substantial buying.
Trading was positive for most of the low-volume session with investors also enjoying a measure of relief after the latest eurozone gross domestic product data contained no ugly surprises. But the view that the improved U.S. economic data of late lowers the chance that the Federal Reserve will eventually provide additional monetary stimulus dampened sentiment as the day wore on, as did another weak reading on small-business optimism.
The Dow Jones Industrial Average closed up nearly 3 points, or 0.02%, at 13,172, The blue-chip index stuck within a roughly 80-point range on the day, and is up 8% so far in 2012.
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