Tuesday early afternoon trade: stocks little changed

29 Aug, 2012

US stocks were little changed in light trading on Tuesday as mixed data gave investors little indication whether Federal Reserve Chairman Ben Bernanke might signal more economic stimulus from the Fed when he speaks on Friday. The Dow Jones industrial average added 5.23 points, or 0.04 percent, to 13,129.90. The Standard & Poor's 500 Index gained 1.51 points, or 0.11 percent, to 1,411.95. The Nasdaq Composite Index rose 7.63 points, or 0.25 percent, to 3,080.82.
Lexmark International Inc surged 15.9 percent to $22.04 as the biggest percentage gainer on the S&P 500 after it said it would stop making inkjet printers, cut about 1,700 jobs, and focus on its more profitable imaging and software businesses. The NYSEArca computer hardware index rose 1.4 percent.

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