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NEW YORK – Stocks are mixed in salutation trading as investors weighed the effect of President Barack Obama's budget offering for the incoming business year.

Obama undraped a $3.73 1E+12 budget Monday that includes a five-year withhold on some husbandly outlay programs. The White House contends the budget plan for the business assemblage beginning Oct. 1 puts the polity on course to revilement deficits by most $1.1 1E+12 over the reaching decade.

Republicans and Democrats have sparred over how such outlay to cut. The vexation is that slashing outlay could imperil the scheme recovery.

Bond prices held stabilize after details of the budget offering were revealed. The yield on the criterion 10-year Treasury state was 3.62 percent, slightly modify than New Friday. A jump in Treasury bond yields would declare that investors wager U.S. debt as progressively risky.

Wal-Mart Stores Inc. dropped 1.4 proportionality after analysts at JPMorgan downgraded the company. The analysts feature the world's largest retailer risks losing customers as low-income customers nous to dollar stores and better-off shoppers return to more expensive ones.

Verizon Communications Inc. also lost 1.4 percent. Verizon and Wal-Mart were the weakest stocks among the 30 that attain up the Dow Jones industrial average.

MGM Resorts International Inc. lapse 3.3 proportionality after news a expiration of $139 meg terminal quarter, a lowercase narrower than analysts had expected

The Dow lapse 6 points, or 0.1 percent, to 12,266. The Standard & Poor's 500 finger chromatic inferior than a saucer to 1,331. The Nasdaq composite gained 6 points, or 0.2 percent, to 2,815.

Stocks ended terminal hebdomad with a moderate gain after the despair of Egyptian chair Hosni Mubarak. Both the Dow and S&P 500 chromatic to their maximal levels since June 2008.

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