Wall Street rally fizzles out

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US stocks traded lower as a number of disappointing trading statements curbed recent investor appetite.

The main Dow Jones Industrial Average was trailing 10.9 points (0.1%) lower at 9,082.3 in opening exchanges, while the technology-dominated Nasdaq was also down. The biggest loser was Home Depot, down almost 2% to $24.90, followed by telecoms group Verizon Communications, which reported a fall in quarterly profits as a result of its poor performing landline business. Bucking the trend, mining group Alcoa added 2.3% on the back of a rise in metal prices, including aluminium, copper and nickel. In London, the FTSE 100 lost its earlier momentum and trailed down 0.1% at 4572.1. Publ...

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