US stocks stumble

US stocks fell slightly but showed more signs of stability today as investors sifted through new economic data and found little reason to resume last week’s heavy selling pace.

The stock indexes wavered in a narrow range, reacting little to comments from Chicago Fed President Michael Moskow that inflation remains stubborn and that interest rate increases might be needed to contain costs. The stock market was similarly unimpressed by data showing a weaker jobs picture and sluggishness in some areas of the country.