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US stocks open mostly lower; PPG rises

Monday - 6/30/2014, 11:20am  ET

FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Global stock markets mostly inched higher Monday, June 30, 2014, as investors prepared for a busy week of economic news that will give new clues about the strength of the global recovery. Wall Street was set for a tepid session. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) -- U.S. stocks are mostly lower in early trading as the market appears set to end June with a modest gain.

The Dow Jones industrial average fell 49 points, or 0.3 percent, to 16,803 shortly after the market opened Monday.

The Standard & Poor's 500 index slipped less than a point to 1,960. The Nasdaq composite edged up six points, or 0.1 percent, to 4,404.

The stock market ended last week with a slight loss. But that was a minor setback. The S&P 500 has managed a gain of 1.9 percent in June, despite rising oil prices and signs of tepid economic growth.

Paint maker PPG Industries rose 3 percent after announcing plans to buy Mexico's Comex Consorcio Comex for $2.3 billion.


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