US stocks turn positive Source: SYDNEY AAP Date: 2004-Nov-24 07:16 AM
US stocks turned positive in mid-afternoon trading on Tuesday and then flickered back to little changed as crude prices came off their session highs.
Semiconductors' shares fell after Credit Suisse First Boston cut its rating on technology bellwether Intel Corp. to "underperform" from "outperform."
Oil prices, which earlier topped $50 a barrel - reawakening concerns over corporate profit margins - lost much off their session gains. NYMEX crude for January delivery was last up 21 cents at $48.85.
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advertisement The Dow Jones industrial average was up six points at 10,495. The Standard & Poor's 500 Index was up just 0.37 of a point at 1178. The technology-laced Nasdaq Composite Index was up 0.65 of a point at 2086.
LONDON - Britain's top shares rose, led by engineer Tomkins and steelmaker Corus after two days of declines, but market volume was slim as climbing oil prices, a falling dollar and a thin corporate calendar kept investors on the sidelines.
The blue-chip FTSE 100 index rose 9.3 points or 0.2 per cent to 4742.4.
FRANKFURT - The DAX index ended at 4113.37 points, down 10.61 or 0.26 per cent.
PARIS - The CAC-40 index closed at 3780.09 points, up 5.84 or 0.15 per cent.
TOKYO - The Japanese stock market was closed for the Labor Thanksgiving Day Holiday.
On Monday the benchmark Nikkei average lost 2.11 percent or 233.45 points to close at 10,849.39.
HONG KONG - Hong Kong stocks rallied to close at a fresh 3-1/2 year high with property shares such as Swire boosted by the sale of a high profile office tower and conglomerate Hutchison gaining on talk of rising 3G sales.
The blue-chip Hang Seng Index closed 1.61 percent higher or 222.69 points to 14,023.29.
WELLINGTON - Heavyweight stocks dragged the broader sharemarket down today, with Telecom falling away and Contact Energy's rising profit failing to impress investors.
The benchmark NZSX-50 index slid for the second day in a row, losing 4.22 points to 2923.46, while the NZSX-All capital index fell 1.45 points to 968.86
