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US markets made a mixed closing on tepid economic data and Greece concern

25 May 2012 Evaluate

US markets once again got a mixed closing on Thursday as uncertainty about the euro zone persisted. Though, the major indices were able to pare some losses in late trading on report that weekly jobless claims dipped modestly for the week ended May 19. However, another data showed that demand for long-lasting manufactured goods rose less than expected in April. But the overall trade remained volatile as investors were concerned about Greece's possible exit from the euro zone on remarks made by Italian Prime Minister Mario Monti that the region might soon issue euro bonds.

The Dow Jones Industrial Average gained 33.60 points, or 0.27%, to close at 12,529.75. The S&P 500 added 1.82 points, or 0.14%, to finish at 1320.68, while the Nasdaq closed down by 10.74 points or 0.38% at 2839.38.

Indian ADRs made a mixed closing on Thursday, HDFC Bank was up by 0.20%, ICICI Bank was up by 0.75%, Infosys was up by 0.76%.

On the other hand Tata Motors was down by 0.02% and Wipro was down by 0.03%.