Stocks Drift Off Opening Levels on Missed Earnings, Correction Jitters

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Stocks are teetering between positive and negative territory Monday as Wall Street continues to weigh global economic shocks against the perception that the Federal Reserve will remain on hold for a while longer. Although equities were higher in pre-market trading in tandem with European stocks after Banco de Portugal threw a lifeline to Banco Espirit Santo, U.S. markets drifted slightly lower soon after the open on disappointing earnings from Michael Kors ( KORS ) and Loews Corp. ( L ), as well as lingering fears that equity markets are in the midst of a more aggressive correction from record highs.



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This article appears in: Investing , Commodities

Referenced Stocks: KORS , L

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