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Stocks waver between gains and losses; Allstate slumps

Stocks waver between gains and losses; Allstate slumps

U.S. stocks moved between small gains and losses on Tuesday as investors assessed company earnings reports and deal news. KEEPING SCORE: The Standard & Poor's 500 index dropped one point, or 0.1 percent, to 2,096 as of 1:23 p.m. Eastern time. The Dow Jones industrial average dropped 28 points, or 0.2 percent, to 17,569. The Nasdaq composite fell six points, or 0.1 percent, to 5,109. ALLSTATE SLUMP: Allstate was the biggest decliner in the S&P 500. The insurer dropped $8.24, or 11.9 percent, to $61.13 after reporting earnings that fell significantly short of analysts' expectations. The company said its earnings dropped because of more frequent and more severe auto accidents. ...

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