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Standard & Poor's


04/23/14 04:39:06 PM

S&P Market Commentary

... Stocks closed lower as a mixed bag of earnings and economic data failed to inspire much buying. Earnings reports drove shares of MAN, DOW, ILMN and GILD up, but depressed ISRG, NSC, UIS and CREE. On the economic front, New Home Sales fell 14.5% in March, and the April Markit flash Manufacturing PMI dipped to 55.4 from 55.5. Thursday brings Initial Jobless Claims and Durable Goods Orders data. NYSE breadth 16-14 negative. NASDAQ breadth 16-8 negative. Trading was moderate. Treasuries rose after a 5-year note auction. Gold futures were up. The dollar index and crude futures were down.


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