Stocks close mixed on weak U.S. economic reports

12:35 PM, Sep 4, 2012   |    comments
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NEW YORK (AP) - Stocks are ending mixed after reports that the U.S. economy is weakening at a time when China and Europe are also slowing. 

The Dow Jones industrial average closed down 55 points at 13,036 on Tuesday. The S&P 500 index fell two points to 1,405. 

The Nasdaq index gained eight points at 3,079. The biggest stock in the Nasdaq, Apple, rose $10 after the company invited reporters to a news event next week at which it is expected to announce the long-awaited iPhone 5. 

U.S. construction spending fell by the most in a year, while manufacturing contracted for a third straight month. 

Trading was light with 3 billion shares changing hands on the New York Stock Exchange. For every three stocks that went up, two went down.

The Associated Press

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