Conflicting Data, Mixed Earnings Leave Stocks Struggling For Direction

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Stocks are struggling to overcome yesterday's negative bias, although conflicting economic data and mixed corporate earnings continues to weigh on early gains for equities. Trading kicked off with weaker-than-expected housing market data overshadowing upbeat earnings from Morgan Stanley ( MS ) and General Electric ( GE ). A drop in consumer sentiment along with missed earnings results by United Parcel Service ( UPS ) and Intel ( INTC ) also is keeping a lid on stocks, with the decline for Intel dragging the Nasdaq Composite index lower for the first time in four days.



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This article appears in: Investing , Commodities

Referenced Stocks: GE , INTC , MS , UPS

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