Summary Box: Stocks end mixed; Best Buy falls

AP News
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Posted: Mar 29, 2012 4:47 PM
Summary Box: Stocks end mixed; Best Buy falls

SMALL RELIEF: Oil fell $2.63 per barrel in New York to $102.78 on hopes that the U.S. and Europe will release oil reserves. But gasoline rose a penny, to an average $3.92 per gallon.

EUROPE DISAPPOINTS: Major European indexes fell across the board, a reminder that the continent still has a long way to go before resolving its debt crisis. In Spain, workers protested proposed government spending cuts.

BEST BUY HAS SEEN BETTER: Best Buy fell nearly 7 percent after announcing that it plans to close 50 of its big-box stores, cut corporate jobs and trim other spending. The company is struggling to compete with online retailers.