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Stocks Nearly Unchanged Despite Upbeat Domestic Data

August 9, 2012

Sentiment may be being hamstrung by a plethora of disappointing Chinese economic, though the impact of continued signs of slowing growth in the world's second-largest economy could be limited by hopes that China may deploy further economic stimulus measures.

-Schwab Market Update

August 9, 2012

The US equity markets are hovering around the flatline in early action, despite favorable reports on domestic weekly initial jobless claims and the nation's trade deficit. Treasuries are lower following the data, ahead of a report on US wholesale inventories. Sentiment may be being hamstrung by a plethora of disappointing Chinese economic, though the impact of continued signs of slowing growth in the world's second-largest economy could be limited by hopes that China may deploy further economic stimulus measures. Meanwhile, in US equity news, Kohl's Corp topped the Street's profit projections but posted a decline in quarterly same-store sales and lowered its full-year EPS outlook. Elsewhere, Monster Beverage Corp reported quarterly results that missed analysts' expectations. Overseas, Asian stocks moved mostly higher amid the increased expectations of further Chinese stimulus measures, while European equities are mostly lower in afternoon action as traders grapple with mixed global data.

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