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Markets

Jobs fears leave US stocks mixed

Published Updated

 NEW YORK: US stocks ended the session mixed Thursday after weekly jobless claims fell again but Federal Reserve chief Ben Bernanke told Congress the jobs market had a long road to recovery.

The Dow Jones Industrial Average was down 9.30 points (0.07 percent) to 12,707.16 in closing trade.

The broad S&P 500 added 1.52 points (0.11 percent) to 1,325.61, while the tech-heavy Nasdaq gained 11.41 points (0.40 percent) to 2,859.68.

"The afternoon pullback comes amid some mixed earnings reports and as Fed chairman Ben Bernanke sounded a cautious economic tone on Capitol Hill and held off on signaling more economic stimulus," Charles Schwab analysts said.

Copyright AFP (Agence France-Presse), 2012

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