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Daily Market Wrap: May 16, 2012

Market News Video
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May 16, 2012 AT 9:43 PM
The markets were higher this morning, bolstered by some encouraging economic news, but fell back into negative territory later in the day, despite comments made by German Chancellor Angela Merkel saying she wants Greece to stay in the euro zone. On the economic front, the Commerce Department is reporting that housing starts rose 2.6 percent in April to a seasonally adjusted annual rate of 717,000 units.