Stocks in the United States ended mixed yesterday, bouncing back from a broad sell-off on profit warnings from several companies as most Wall Street professionals kept an eye on an approaching Hurricane Floyd.
At the close of trading on Wall Street, the Dow Jones industrial average was down 63.96 at 10,737.46. Earlier in the session, the Dow had dropped as much as 174 points. Broader stock indicators ended mixed.
Volume was relatively light as Hurricane Floyd headed up the Atlantic coast, producing heavy rains that kept many New York traders out of work.
Hewlett-Packard was the biggest drain on the Dow. AT&T [N O]and T rose after the company announced a mobile telephone alliance with BT.
Declining issues outnumbered advancers by an 11-to-five margin on the New York Stock Exchange, with 2,064 down, 916 up and 529 unchanged. NYSE volume totalled 723.22 million shares as of 4 p.m., against 779.58 million in the previous session.
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