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by ForexNewsNow Team on July 23, 2010

Wall Street mixed after stress tests results published

stock tips stock info trading news stock tradingNEW YORK (Forex News Now) – U.S. stock markets were mixed on Thursday, following the release of the long-awaited results of European bank stress tests.

The Dow Jones Industrial Average gained 5.52 points, or 0.05 percent, to 10,328.

But the Standard & Poor’s 500 slid 0.87 points, or 0.08 percent, to 1,093, and the Nasdaq Composite dropped 6.26 points, or 0.28 percent, to 2,239.

The results showed that most European banks had sufficient capital cushions to pass the tests. But Seven of 91 European banks examined failed the tests and may need to raise more than EUR 3.5 billion, European officials said.

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