US stocks stay roughly flat in early trading

09 October 2008 15:47  [Source: ICIS news]

HOUSTON (ICIS news)--The Dow Jones Industrial Average essentially traded flat on Thursday morning following six straight session losses.

The average fell by 85.38 points, or 0.92%, to reach 9,172.72 by 10:44 hours New York time (14:44 GMT).

Earlier on Thursday, the S&P 500 index rose by 9 points, or just short of 1%, to reach 994 points after briefly breaching the 1000-point mark for the first time in several days. The index’s chemical manufacturing component increased by nearly 4% from Wednesday’s close.

Shares of Huntsman rose by $2.90/share (€2.12/share), or 32%, to reach $12/share on news that its merger with Hexion Specialty Chemicals could proceed.

Shares of Dow Chemical gained 28 cents, or 1%, to settle at $28.01/share.

($1 = €0.73)

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By: Ben Lefebvre
+1 713 525 2653

< previous article(ICIS Chemical Business podcast November 2, 2009)

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