Wall St stocks, dollar gain with data; Fed, earnings in the wings

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The S&P 500 and the Dow were up slightly while the Nasdaq fell and the dollar gained as investors waited for clues on the Federal Reserve's interest rate path as well as a raft of economic data and quarterly earnings reports.Crude oil prices were lower as investors waited anxiously for the Fed's interest

The S&P 500 and the Dow were up slightly while the Nasdaq fell and the dollar gained as investors waited for clues on the Federal Reserve's interest rate path as well as a raft of economic data and quarterly earnings reports.

While some overseas markets were closed for the May 1 holiday, U.S. investors were gearing up for earnings reports such as Apple Inc's, due Thursday, and data including April's U.S. non-farm payrolls report due out on Friday. "You've a whole stew of data coming out this week. You don't know if the cioppino is going to be hot, mild or somewhere in between, which is why you have the market hanging around this unchanged level," said Pavlik.

The pan-European STOXX 600 index rose 0.02 per cent and MSCI's gauge of stocks across the globe shed 0.07 per cent. Emerging market stocks lost 0.10 per cent. In currencies, the dollar index rose 0.383 per cent, with the euro down 0.45 per cent to $1.097. The Japanese yen weakened 0.78 per cent versus the greenback at 137.35 per dollar, while sterling was last trading at $1.2498, down 0.59 per cent on the day.

 

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