Stocks Drifting Lower Following Bearish Housing, Factory Data; Greece Again Adding to Worries
More worries U.S. economic growth may be slowing as well as lingering concern over the potential impact of a Greek exit from the European Union has U.S. stocks lower at mid-day, threatening a three-day winning streak for the Dow Jones Industrial Average and the S&P 500. The Dow opened below 18,000 following a miss on January housing starts and industrial production, with losses in the energy sector adding to the softer tone. The Nasdaq Composite index has been undermined today by a modest sell-off among telecom and semiconductor stocks, trading marginally lower for the first time in six sessions.
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