Updated from 4:20 p.m. EDT
Blue-chip stocks closed higher Thursday, overcoming a surge in crude oil, drab economic data and a weakening dollar, but the Nasdaq trailed the other major averages and finished the session slightly negative.
The Dow Jones Industrial Average climbed 12.78 points, or 0.1%, to 11,430.21, and the S&P 500 was up 3.18 points, or 0.3%, at 1277.72. The Nasdaq lost 8.7 points, or 0.4%, to 2380.38.
With the new day came renewed worry over the fate of the battered financials. After falling as much as 17% right out of the gate, Fannie Mae (FNM Quote) reversed course and rose 10% to $4.85. Freddie Mac (FRE Quote) pared a 22% early drop to a 2.8% decline at $3.18. Lehman Brothers (LEH Quote) shares were down 0.1% to $13.72. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
|
|
UP
65.67
|
UP
4.06
|
DOWN
0.55
|
UP
0.58
|
10 Yr
3.54%
SPDR Gold
109.32
|
|
+0.63%
|
+0.37%
|
-0.03%
|
+1.67%
|
Data delayed 20 minutes |
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