US stocks mixed on uncertain economic data
New York, Dec 24 - US stocks were mixed Thursday ahead of the Christmas holiday, with the Dow Jones Industrial Average hitting a new two-year high but other major indices losing ground.
The investor uncertainty was caused by mixed data from a fragile US economy, with orders of durable goods falling more than expected but a gauge of consumer confidence climbing.
The trading volume was also small as investors prepared for a three-day break for Christmas. The stock market will be closed for business Friday.
The blue-chip Dow climbed 14 points, or 0.12 percent, to 11,573.49. But the broader Standard & Poor's 500 Index fell 2.07 points, or 0.16 percent, to 1,256.77. The technology-heavy Nasdaq Composite Index also fell 5.88 points, or
0.22 percent, to 2,665.6.
The US currency Thursday edged lower against the euro to 76.25 euro cents from 76.34 euro cents Wednesday. The dollar fell against the Japanese currency to 82.95 yen from 83.56 yen. (IANS)