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US stocks waver; euro dives on Greece turmoil

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Posted: May 15, 2012 11:22 AM
Source: Associated Press

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Topics: stock, economy, money, wall street

NEW YORK- U.S. stocks are modestly higher at midday as conflicting news about the economy and a Greek political stalemate bat the indexes between small gains and losses.

The euro and European stocks plunged as trading in New York began Tuesday after efforts to form a government in Greece collapsed. Newly-elected leaders there disagree about whether to accept more international bailouts and continue with painful spending cuts.

U.S. stocks enjoyed a small early bump after news that confidence among U.S. builders rose to a five-year high in May. Homebuilders rallied.

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