NEW YORK Stocks were modestly lower today as investors, lackingclear direction from the bond market, tinkered with their portfoliosahead of the weekend.
Investors bought economically sensitive stocks that had beenbeaten up over the last week and took profits in those sectors thathad overperformed, such as consumer stocks.
The Dow Jones industrial average was off 3.86 points to close at3,648.68. Volume on the New York Stock Exchange reached 296.3million shares. Advancing issues outpaced declining ones by 1,264to 909 on the Big Board, with 586 unchanged.
Stocks rose early in the session, pushed higher by rising bondprices, before falling back. The price …
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