US stocks mixed

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IOL wall street

The major US indices were mixed Friday as traders again looked at events across the Atlantic amid thin trade ahead of a long holiday weekend.

The Dow Jones Industrial Average fell in early trade while the Nasdaq and S&P 500 rose modestly.

Temblors in Spain's banking market set the tone.

Spain's stock market suspended trade in Bankia's plunging shares as reports said the struggling lender may seek up to 20 billion euros ($25 billion) from the state to stay afloat.

Bankia requested the suspension ahead of a board meeting to decide on a recapitalization plan, “in view of the lack of precision on the figures” ahead of its decision, the bank said in a statement.

That fuelled fears of a bank run, which would send ripples through the global banking system.

The Dow was down 4.54 points (0.04 percent) to 12,525.21 around 15:57 SA time.

The Nasdaq was up 3.54 (0.12 percent) to 2,840.61.

The S&P index was also modestly in the black, rising 3.05 (0.23 percent) to 1,323.73.

Monday is a holiday in the United States. - Sapa-AFP


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