Monday, May 23, 2011

Mixed economic news keeps stock gains in check

NEW YORK -- Conflicting signals on the economy led to mixed results in the stock market Thursday, even after LinkedIn became the biggest Internet IPO since Google went public in 2004. Stocks opened higher after the Department of Labor reported that applications for unemployment dropped more than expected. Indexes gave up those early gains after three negative reports on the economy came out at midmorning. One bright spot was the debut of social networking company LinkedIn Corp. Shares jumped $64.85, or 144 percent, to $109.55....

Source:
http://article.wn.com/view/2011/05/19/Mixed_economic_news_keeps_stock_gains_in_check_x/

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