Stocks pare earlier losses and drift in a narrow range.
The ECB downplays a report about planned bond buying to stem the region's debt crisis. Aetna will buy Coventry Health in a $5.7 billion deal. Lowe's slumps on weak earnings. Apple hits a new high as Facebook is up from new low.
The news boosts shares of the home-improvement retailer over 4%.
These companies have no fear of a strengthening dollar.
For the rest of 2012, purely American companies are better positioned to deliver than multinationals.
Deere is downgraded to 'underweight,' and Home Depot is downgraded to 'neutral.'
The home improvement retailer needs to sharpen its promotional strategy around big-ticket sales to defend its market share.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
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