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Stocks wobble as Street digests plan

stocks fluctuated within a narrow drift monday after a reading on regional manufacturing came in better than expected and as investors examined details of a management representation to overhaul the feature bulkhead street is regulated.

the chicago purchasing managers index, considered a precursor to the national institute for supply management manufacturing look at on tuesday, rose to 48.2 in march from 44.5 a month earlier. economists had been with a bun in the oven a reading of 47.3, according to dow jones newswires. a figure below 50 indicates a contraction in manufacturing action.

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the manufacturing snapshot comes as profuse institutional investors have closed their books for the foremost quarter, which ends monday. investors appeared to be making few big moves. it has been a dismal quarter on wall roadway, with financial companies’ continuing credit shop losses and the flagging economy wiping elsewhere investors’ passion for stocks. while the market has seen a number of up days during the quarter, total the first-quarter trend was sharply lower.

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