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News / Nation & World

Stocks narrowly mixed ahead of opening

The Columbian
Published: May 12, 2010, 12:00am

NEW YORK (AP) — Market turbulence is easing after more than a week of wild swings tied to fears about growing European debt problems. Stock futures are trading in a narrow range.

Investors’ attention is returning to the health of the U.S. economy after focusing for more than a week on whether Greek debt problems would spread across Europe.

Overseas markets are also mixed Wednesday.

Currency markets remain in flux. The euro is gaining against the dollar, but investors are piling into gold. The metal hit a new record.

Dow Jones industrial average futures are up 18, or 0.2 percent, at 10,727. Standard & Poor’s 500 index futures are up 2.90, or 0.3 percent, at 1,155.10, while Nasdaq 100 index futures are up 0.50, or less than 0.1 percent, at 1,935.75.

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