US stocks struggle for direction as opening gains fizzle despite strong durables data

US stocks struggle for direction as opening gains fizzle despite strong durables data

US stocks struggled for direction Monday afternoon, trading near unchanged, as investors weighed stronger-than-expected data on durable-goods orders against expectations for a slowing economy that could limit the magnitude of Federal Reserve rate increases. What’s happening The Dow Jones Industrial Average DJIA was almost unchanged at 31,503. The S&P 500 SPX was down 4 points, …

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