Markets

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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