Stocks Lose Annual Gains on Inflation Data

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Stocks fell in up-and-down trading Tuesday, with the Big Board losing all its gains for the year amid new wholesale price inflation data that bolstered interest rate fears.

The Dow was down 86.44 points, or 0.80 percent, at 10,706.14. The Standard & Poor’s 500 Index was off 12.71 points, or 1.03 percent, at 1,223.69. The Nasdaq Composite Index was down 18.85 points, or 0.90 percent, at 2,072.47.

Among the losers were interest-rate sensitive financial stocks such as Citigroup Inc. and JPMorgan Chase & Co. Shares of energy stocks also slipped as crude futures finished $2 a barrel lower.





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Among local stocks Diodes Inc. was the leading gainer for the day after the Westlake Village-based semiconductor maker released a new, higher earnings forecast for the second quarter. The Nasdaq issue was up $4.94, or 14.8 percent, to close at $38.39.

Herbalife Ltd., the Los Angeles-based supplement maker, rose 22 cents to $37.65 after Wedbush Morgan rated the stock a buy with a $47 target price. Maguire Properties Inc. was up 4 cents to $34.95 after Merrill Lynch rated the stock a buy in new coverage. And Northrop Grumman Corp. still rose 11 cents to $63.01 after Goldman Sachs cut its rating to underperform.

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