De­spite mixed fin­ish, July ends as in­dexes’ best month in year

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

Stocks had a fit­ting end to a choppy July as prices see­sawed their way to a nar­rowly mixed fin­ish. The mar­ket still had its best month in a year.

In­vestors had an am­biva­lent re­sponse Fri­day to the govern­ment’s gross do­mes­tic prod­uct re­port. The Dow Jones in­dus­trial av­er­age fell al­most 120 points in early trad­ing, then ratch­eted up and down un­til the close. The Dow ended down just a point, and the other big in­dexes had sim­i­larly small moves.

The day was much like the rest of July, which saw in­vestors al­ter­nately buy­ing on strong earn­ings re­ports and sell­ing on weak eco­nomic num­bers. The Dow rose 7.1 per­cent for the month, its best show­ing since it gained 7.8 per­cent in July 2009.

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