Stocks Are Mixed Ahead Of Economic Data

By: Associated Press
By: Associated Press

Wall Street is starting November on a cautious note, with stocks narrowly mixed after last week's surge and ahead of readings on manufacturing activity, construction spending and auto sales.

Investors are already prepared for the day's reports to support the growing belief that the economy is in recession, hurt by tight credit and slow consumer spending. The question is whether the data will indicate the economy is in even more dire shape than the Dow Jones industrial average has priced in after tumbling more than 14 percent in October -- its worst month in 21 years.

The Dow is up 6 at the 9,331 level. The Standard & Poor's 500 index and the Nasdaq composite index are showing modest declines.

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