US stocks close mixed after strong manufacturing signals, disappointing home sales

  • by: DANIEL WAGNER , Associated Press
  • Updated: January 28, 2013 - 6:45 PM

U.S. stocks meandered between small gains and losses Monday, cooling off after a rally that had pushed the Standard & Poor's 500 index above 1,500 for the first time since December 2007. Encouraging news about manufacturing provided an early boost, but stocks fell later after a report on the pace of home sales fell short of expectations.

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