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Why the Dow's Got the Monday Blues This Morning

Dan Caplinger
August 13, 2012

Just like the Olympic athletes enjoying a break after two weeks of high performance, the stock market appears to be taking a well-deserved pause. After a powerful rally over the past two weeks that came from renewed optimism about the ability of leaders around the world to handle growing macroeconomic uncertainty, whether from Europe's coming recession or slowing growth in emerging market economies, stocks gave up modest ground this morning, with the Dow Jones Industrials (INDEX: ^DJI  ) down about 65 points just after 10:45 a.m. EDT. Some blamed weakness in Japan's GDP figures for the drop, but the 1.4% growth figure likely represents only a convenient scapegoat for a slow Monday start.

Only a few Dow stocks rose higher in early trading. One was Kraft (NYSE: KFT