Stocks have moved mostly lower over today despite a higher open this morning. Selling pressure has remained subdued, however, contributing to choppy trading on Wall Street.
The major averages have climbed off their worst levels in recent trading but remain in the red. This downturn came despite the release of an upbeat report on U.S. consumer sentiment in the month of October.
Thomson Reuters and the University of Michigan said that the preliminary reading on their consumer sentiment index for October came in at 83.1 compared to the final September reading of 78.3.
With the significant monthly increase, the consumer sentiment index rose to its highest level since September of 2007.
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