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Wall St cuts gains; Nasdaq down as semis drag

Wall St cuts gains; Nasdaq down as semis drag
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First Published: Thu, Sep 29 2011. 08 45 PM IST
Updated: Thu, Sep 29 2011. 08 45 PM IST
New York: US stocks erased early gains and the Nasdaq turned negative on Thursday as weakness in semiconductor shares weighed on the overall market and optimism over a German vote to beef up the euro zone’s bailout fund faded.
The Dow Jones industrial average gained 122.72 points, or 1.11%, to 11,133.62. The Standard & Poor’s 500 Index added 6.10 points, or 0.53%, to 1,157.16. But the Nasdaq Composite Index dropped 9.48 points, or 0.38%, to 2,482.10.
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First Published: Thu, Sep 29 2011. 08 45 PM IST
More Topics: Markets Update | US | Stocks | Dow Jones | Nasdaq |