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Stocks open mixed amid European fears

Wednesday, December 15, 2010

NEW YORK (AP) — Stocks are mixed in early trading as renewed worries about Europe’s debt problems offset an encouraging report on U.S. industrial production.

The government says U.S. factory output rose for the fifth straight month, a sign of economic growth. The government also says consumer prices rose 0.1 percent in November, slightly below what economists expected.

In Europe, the rating agency Moody’s warned that it may lower Spain’s credit rating.

The Dow Jones industrial average is up 11 points, or 0.1 percent, to 11,487. But the broader S&P 500 index is down 0.6, or 0.05 percent, to 1,240. The Nasdaq composite is down 0.8, or 0.03 percent to 2,626.