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Stocks were mixed on Wall Street yesterday with the Dow closing down 10-points, but we saw modest to moderate gains in many of the broader indices. Despite the gains, all of the indices closed well off their highs as big morning gains dwindled by the close, and that makes the day's action very questionable.

The loss in the Dow can be attributed to a 9% loss in Disney. Since there are only 30 stocks in the Dow, it can be impacted by just one if it moves enough. ...