Closing Bell: Stocks Give Up Gains (ALU, EBAY, GSIC, FSLR, EWJ, CCJ, PKD)

Filed under: After the Bell, Analyst Reports, Analyst Upgrades and Downgrades, Market Matters, Alcatel-LucentADS (ALU), Japan, Economic Data, Oil, Housing

U.S. markets were mixed most of Monday with what felt like very directionless trading on light volume. A selloff late in the day erased the small gains, and markets closed in the red today.



Another weak housing figure did not manage to cause too much harm as -- by now -- investors are conditioned to expect poor housing data. Consumer spending and income rose in February, topping expectations. U.S. investors also continued to expect that oil infrastructure would keep growing based upon Middle East build-outs for expanded production.

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Closing Bell: Stocks Give Up Gains (ALU, EBAY, GSIC, FSLR, EWJ, CCJ, PKD) originally appeared on BloggingStocks on Mon, 28 Mar 2011 16:30:00 EST. Please see our terms for use of feeds.

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