NEW YORK (AP) -- Shares of brokerage companies surged Wednesday following news that Credit Suisse had agreed to buy Donaldson, Lufkin & Jenrette, but the overall market was mixed in lackluster trading.
The Dow Jones industrial average closed down 112.09 at 11,103.01, according to preliminary figures.
Broader indicators were mixed. The Nasdaq composite index was up 32.36 at 4,114.53, and the Standard & Poor's 500 index was down 4.75 at 1,505.09.
"We're in a market where a lot of people are already leaving for the long weekend," said Al Goldman, chief investment strategist at A.G. Edwards & Sons in St. Louis. "Business is thin and nobody wants to take a big stance. There's just a lot of boredom on the floor."
Trading volume has been at its lowest level of the year for more than a week now, with many traders taking vacations.
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