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Techs lead stocks lower
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| Zoll, Lexmark, Dupont, Mittal, miss earnings driving stocks lower, IBM dividend hike and new home sales jump of 10% fail to stop the sell-off |
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| IBM raised quarterly dividend by 11% to 20 cents a quarter, March new home sales jumped 10% but markets focused on earnings misses from Zoll Medical, Dupont, Mittal, Lexmark, overshadowing the good earnings from Chubb, American Express and Coach, T. Rowe Price, Wrigley and publisher Thomson. |
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Stocks Trade Lower on Economic Data
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| Oil Drops below $54 per barrel; Bonds fall; Dollar Mixed; Gold Rises, New Home sales Up, Consumer Confidence Dips |
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| Contradictory economic data held stocks mixed Tuesday and investors stayed away waiting for next week's Federal Reserve Rate decision. The Commerce Department's report marked a growth in new home sales last month. |
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Futures Indicate Lower NY Opening
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| Gold Trends Lowers; Oil Slips to $54; Asia mixed and Europe trades lower |
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| Stocks ended higher Monday amid spurred merger activity and a surprising rise in home sales. This brought back investors' confidence in the economy and relieved the uncertainty about inflation and higher interest rates. |
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