Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, June 16, 2011

Thursday

U.S. blue-chip stocks rose today, but other measures lagged behind as risk-averse investors dumped materials and technology shares. Stocks seesawed for much of the session as batches of mixed economic data and fraying nerves over the Greek-debt situation competed for investors' attention. Reports that U.S. home construction rose modestly in May and initial jobless claims dropped more than expected cheered investors early in the session. But stocks briefly turned negative mid-morning following a discouraging reading on mid-Atlantic manufacturing activity. DJIA +64.25 Nasdaq -7.76 S&P 500 +2.22.