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Stocks Mixed After Holiday Weekend; Coke Falls

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February 18, 2014 AT 7:16 AM
Stocks were mixed mid-morning trading Tuesday as investors return from a long holiday weekend. Coca-Cola slumped after turning in disappointing quarterly results and health care stocks rose following news a big merger in the pharmaceutical sector. Coca-Cola dropped $1.50, or 4 percent, to $37.43 after reporting a decline in fourth-quarter profit and sales from a year ago. The company, which also makes Sprite, Dasani and Vitaminwater, says sales volume declined 1 percent in North America.