Stocks mixed ahead of Slovakia vote on rescue fund
Monday, October 10, 2011
NEW YORK (AP) -- Stocks are closing mixed as investors wait to see if Slovakia will block an expansion of Europe's financial rescue program.
Sixteen countries that use the euro have approved a bill to strengthen a European rescue fund, but Slovakia has been holding out. The measure requires the unanimous support of countries that use the euro. If Slovakia votes no, it would complicate efforts to address Europe's debt jam.
The Dow Jones industrial average is down 17 points, or 0.1 percent, to close at 11,416 Tuesday. The Standard & Poor's 500 index is up less than one point, at 1,196. The Nasdaq is up 17, or 0.7 percent, at 2,583.
Rising stocks narrowly outpaced falling ones on the New York Stock Exchange. Volume was lighter than average at 3.9 billion.