Little change on Wall Street
US stocks were little changed today as a slowdown in retail sales and profit warnings from Lucent Technologies and Tyco International Ltd. Kept Wall Street investors from building on earlier gains. The major indexes finished the week flat.
Better-than-expected wholesale inflation figures gave Wall Street some hope of extending its New Year’s advance, but Michael Sheldon, chief market strategist at Spencer Clarke LLC, attributed the listless trading mostly to an overbought market.
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