Stocks mixed on Wall Street after late loss Friday

NEW YORK (AP) — Stock prices are stabilizing on Wall Street on the first trading day of June, a sharp contrast to the plunge they took on Friday.

The Dow Jones industrial average was up 60 points at 15,174 as of noon Monday, a gain of 0.4 percent. On Friday it plunged 208 points, its worst drop in six weeks.

The Standard & Poor’s 500 was down three points at 1,626, or 0.2 percent. The Nasdaq fell 27 points, or 0.5 percent, to 3,438.

The yield on the 10-year Treasury note fell to 2.09 percent after an industry group reported that U.S. manufacturing contracted last month.

Merck led the Dow higher with a gain of 5 percent.

Energy stocks rose after the price of crude oil moved higher. Chevron was up 1 percent.

KSN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus