NEW YORK (AP) — With a shortened trading week, after the Christmas holiday, this week will decide whether it is an up year, or down year, for Wall Street. The Dow is up 6 percent for the year, the main benchmark S&P 500 is up 0.6 percent, while the Nasdaq composite is down 1.3 percent.
BEIJING (AP) — International stock markets were mixed today amid worries about weak Christmas sales in the United States and Europe and a warning by Japan’s central bank about possible risks from the European debt crisis. Asian markets fell while European markets gained in early trading. Crude oil slipped to hover below $100 a barrel.
WASHINGTON (AP) — Leading economists say a lot of things could get in the way, but barring a major shock, they expect faster growth in 2012 than in 2011. The economists surveyed also say they don’t expect much change in the 8.6 employment rate, which they predict will be around 8.4 percent by election day.
NEW YORK (AP) — Stocks are opening lower slightly following a report that home prices fell in major U.S. cities. The Standard & Poor’s/Case-Shiller of home prices dropped in October in 19 of the 20 cities it tracks. It was a second straight declining month, further evidence of a bumpy housing recovery. Markets were closed Monday in observance of Christmas. They opened Tuesday with thin trading in the last week of the year.
NEW YORK (AP) — A growing number of shoppers apparently need only the briefest of breaks before diving back in, especially if they can log in to shop. IBM found that online shopping jumped 16.4 percent on Christmas Day over last year, and the dollar amount of purchases that were made using mobile devices leaped 172.9 percent.
Copyright 2011 The Associated Press.