US stocks end mixed

US stocks began the week indecisively today, closing mixed in the absence of earnings news to guide investors. But the major indexes managed to rebound from sizeable early losses.

Analysts attributed the wavering to technical factors, not fundamentals. While the stock market was due for a correction, analysts said investors were willing to sell stocks lower only to a certain point – about 9,050 on the Dow Jones industrial average and 1,690 on the Nasdaq composite index – based on their belief the US economy is poised for good recovery in the second-half of 2003.