Stocks mixed as Italy's borrowing costs rise
Thursday, November 24, 2011
NEW YORK (AP) -- Stocks are mixed in early trading, with major indexes poised to end their worst week since September.
Worries about Europe's debt crisis flared up again Friday after Italy was forced to pay 7.8 percent to borrow for two years at a debt auction. It's another sign that investors are growing increasingly hesitant to lend to Europe's third-largest economy.
Minutes after the opening bell, Dow Jones industrial average is up 3 points to 11,261. The Dow has already lost 4.6 percent this week, putting the average on track for its worst week since September.
The S&P 500 index is up 1 point, to 1,163. The Nasdaq is down 1 point to 2,458.
Trading will end at 1 p.m. Eastern time. U.S. markets were closed on Thursday for the Thanksgiving holiday.