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US stocks struggle to follow global stocks rally

FXStreet (Mumbai) - The US stocks trade dead flat despite the stock markets in Asia and Europe, rallying on the back of oil driven risk-on sentiment.

At the time of writing, the Dow Jones industrial Average (DJIA) was up 5 points, while the S&P 500 was up just 1 points. The Nasdaq had added 5 points.

Among the DJIA stocks, shares in Apple rose 1.3%, followed by a 1.2% rise in the UnitedHealth shares. On the other hand, Intel shed 1.14%, followed by a 0.9% drop in the Caterpillar. Microsoft shares also lost 0.68%.

Alcoa shares, which are part of S&P 500, dropped 5% the aluminium producer said it now expects 2015 automotive production growth in China to be in the range of 1% to 2%, down from a previous outlook of 5% to 8% growth.

On the data front, US import prices declined in September, although at a slower-than-expected rate. The prices the US paid for imported goods fell by a seasonally adjusted 0.1% in September, much smaller than the 1.6% plunge.

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