Late Surge Lifts Stocks Back to Positive; Bullish Data Overpower IMF's Reduced U.S. Forecast
Stocks drifted between small gains and losses Monday, with the major indices ending with small gain despite most investors reluctant to stake out long positions in defensive trade ahead of the Federal Open Markets Committee policy-setting meeting later this week. Early declines were limited somewhat by bullish economic data and another flurry of deal-making although ongoing unrest in Iraq and Ukraine and the International Monetary Fund reducing it outlook for U.S. growth this year also weighed on equities today.
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