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Stocks Mixed as Retail Sales Surprise Rally Pauses
Stocks opened lower as a broad rally paused while investors weighed if valuations overstate the economy’s gains. Government data showed April retail sales rose 0.1 percent from March, easing concerns after March’s 0.5 percent drop, with housing improving and earnings supporting optimism for the quarter ending June 30.
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New York
Alec Young
S&p Capital IQ
Commerce Department
Monady
Doug Cote
ING Investment Management