Stocks narrowly mixed after Google data

by alaaron | February 1, 2007 at 09:56 am
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Stocks rose moderately Thursday as Wall Street balanced enthusiasm about robust consumer spending figures with disappointment in Google Inc.'s profit report, which dragged on technology stocks.

The muted performance followed Wall Street's best day of the year on Wednesday, when it advanced sharply after the

Federal Reserve signaled the economy remained solid and that inflation was largely in check. The central bank's comments, which followed its decision to leave short-term interest rates unchanged, injected a bit of confidence into an uncertain Wall Street. The first month of the year had revealed investor uneasiness about whether stocks were poised to climb higher from sharp gains seen in 2006 or whether the Fed and a drop corporate profits would bring an unceremonious end to the party.

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