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Economy
In reply to the discussion: STOCK MARKET WATCH - Tuesday, 31 January 2012 [View all]xchrom
(108,903 posts)44. Stocks shaken by new confidence data
http://bottomline.msnbc.msn.com/_news/2012/01/31/10279254-stocks-shaken-by-new-confidence-data
Stocks were struggling Tuesday, following a report that U.S. consumer confidence unexpectedly fell in January as more Americans worried about the country's weak job market.
Key earnings also drove trading, with shares of Exxon falling and Eli Lilly and U.S. Steel advancing. The results reflected a mixed picture of corporate strength, continuing a trend this earning season.
Hopes built that Greece was nearing a debt swap deal, just a day after talks had stalled, lessening the odds of a messy default and possibly creating other shocks to the region's financial system.
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Also, European Union leaders agreed on a stricter budget discipline plan to prevent further debt build-up in the region.
Stocks were struggling Tuesday, following a report that U.S. consumer confidence unexpectedly fell in January as more Americans worried about the country's weak job market.
Key earnings also drove trading, with shares of Exxon falling and Eli Lilly and U.S. Steel advancing. The results reflected a mixed picture of corporate strength, continuing a trend this earning season.
Hopes built that Greece was nearing a debt swap deal, just a day after talks had stalled, lessening the odds of a messy default and possibly creating other shocks to the region's financial system.
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Also, European Union leaders agreed on a stricter budget discipline plan to prevent further debt build-up in the region.
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