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Stocks finish widely mixed after Friday's sell-off

Stocks finish widely mixed after Friday's sell-off

Stocks have closed mixed after last week's massive sell-off, with Wall Street still nervous about losses at banks and high energy costs.
A pullback in crude oil prices provided only limited relief to investors, who largely stuck to the stocks of large companies. Blue-chips are are regarded as safer assets during times of economic uncertainty.
The Dow is up about 70 points at the 12,202 level, after sinking nearly 400 points on Friday. The Nasdaq composite index is down about 15 points at around 2,459.
The financial sector was particularly weak Monday, after Lehman Brothers Holdings Inc. posted an unexpectedly large quarterly loss of $2.8 billion.


Updated : 2021-02-27 03:37 GMT+08:00