Stocks mixed after GM and Merck earnings push Dow high
Stocks were mixed as General Motors gained 10 percent after record revenues and a sixth straight quarterly loss while Merck posted an 11 percent rise in first quarter profit. Google surged after hours on strong earnings. unemployment claims fell, signaling momentum but inflation fears lingered. Oil eased from record highs as the Dow rose about 0.6 percent to 11,342.89. the S&P 500 edged up and the Nasdaq dipped. Bond yields climbed to 5.04 percent. the dollar strengthened. gold retreated from 25 year highs. The Leading Economic Indicators index slipped to 138.4 in March after February's 138.5.
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