NEW YORK - Stocks fell slightly but showed more signs of stability Wednesday as investors sifted through new economic data and found little reason to resume last week's heavy selling pace.
The stock indexes wavered in a narrow range, reacting little to comments from Chicago Fed President Michael Moskow that inflation remains stubborn and that interest rate increases might be needed to contain costs. The stock market was similarly unimpressed by economic data showing a weaker jobs picture and sluggishness in some areas of the country.
Investors in the past week have harbored concerns about a global economic slowdown and have looked to economic data as they try to determine …
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