Closing Bell: Choppy Markets After Europe (GM, MELA, CPWM, LNG, NOK)

Filed under: General Motors (GM), Nokia Corp. (NOK)

Today was yet another day where the close was not certain until the very end of the day. Markets opened lower this morning before turning around slowly to post a slight gain in late afternoon trading. Continuing worries on Ireland's banks and US and Chinese monetary policy pointed the market toward a small loss for the week.



Traders appear to have overcome worries about the effect of China's latest monetary tightening moves, choosing to believe that Chinese growth would remain strong. Discussions in Europe related to Ireland's banks and more debate about the possible inflationary effect of QE2, which also served to cool the market.



Here are the numbers for late afternoon trading today:



Dow Jones 11,181.34 +0.11 (0.00%)

S&P 500 1,197.17 +0.48 (0.04%)

Nasdaq 2,514.57 +0.17 (0.01%)



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Closing Bell: Choppy Markets After Europe (GM, MELA, CPWM, LNG, NOK) originally appeared on BloggingStocks on Fri, 19 Nov 2010 16:10:00 EST. Please see our terms for use of feeds.

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