Stocks Waffle After Mixed News On Manufacturing
Stocks are mixed as a rally that drove the market sharply higher in September appears to be running out of gas.
Major indexes are fluctuating throughout Wednesday as investors reconcile a poor reading on manufacturing activity in New York with a separate report showing that U.S. industrial production grew.
European markets are falling, but Japanese stocks surged after the country's government stepped in to weaken the yen.
The Dow Jones industrial average is up 30, or 0.3 percent, at 10,557. The S&P 500 is up less than 1 at 1,121, while the Nasdaq composite is up 3, or 0.1 percent, at 2,293. Even with indexes higher, declining stocks are outpacing those rising on the New York Stock Exchange. Volume was 300 million shares.
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