May 25, 2013
Wall Street ends flat as European shares bounce back
The S&P 500 closed flat on Monday as worries about the European debt crisis and weaker US data kept investors wary of equities.
The Dow Jones industrial average dipped 17.11 points, or 0.14 percent, to end at 12,101.46. The S&P 500 Index edged up just 0.14 of a point, or 0.01 percent, to finish at 1,278.18. The Nasdaq Composite gained 12.53 points, or 0.46 percent, to close at 2,760.01.
European shares rose after grim economic data from across the globe spurred some investors to bet on a greater likelihood of central bank policy action to stimulate growth.
The EuroSTOXX 50 was up 0.7 percent at 2,082.62 by 1102 GMT, having slid on Friday when a dismal US jobs report capped off poor Chinese and European manufacturing data.
In Asia, Japan's shares fell sharply, with the broader Topix index hitting a 28-year low, as investors rushed to sell riskier assets on disappointing US jobs data, deepening debt woes for the euro zone and slowing Chinese growth.
The Topix ended the day down 1.9 percent at 695.51 in moderate trade with 1.7 billion shares changing hands. The Nikkei dropped 1.7 percent to 8,295.63 to a six-month low.