
U.S. stocks closed narrowly mixed overnight following gloomy economic news, but the Dow and S&P still posted their best January since 1997.
For January 2012, the Dow rallied 3.4 per cent, S&P 500 surged 4.36 per cent, Nasdaq gained 8.01 per cent.
The Dow Jones Industrial Average fell 20.81 points, or 0.16 per cent, to close at 12632.91,
The S&P 500 slipped 0.60 points, or 0.05 per cent, to end at 1,312.41.
Among key S&P sectors, financial shares rose, while energy shares fell.
The Nasdaq gained 1.90 points, or 0.07 per cent, to close at 2813.84.