Stocks mixed in another choppy session; banks rise
Monday, September 12, 2011
NEW YORK (AP) -- Stocks are trading mixed at midday in another choppy session.
JPMorgan Chase & Co. and other large banks rose Tuesday. Analysts at Stifel Nicolaus put a "buy" rating on JPMorgan, saying it was undervalued.
The Dow Jones industrial average is down 6 points, or 0.1 percent, to 11,054 shortly before noon. The S&P 500 index is up 4, or 0.3 percent, to 1,166.
The Nasdaq rose 15, or 1.7 percent, to 2,510. Apple rose 1 percent Morgan Stanley said the company was more likely than ever to reward investors with a dividend or through buying back its stock.
A weak reading of business sentiment kept the market's gains in check. An index of small business conditions from the National Federation of Independent Business dropped to a 13-month low in August.