MARKET PULSE-Caterpillar, Overseas Shipholding, Freeport-McMoran
Oct 22 (Reuters) - Some U.S. stocks on the move on Monday:
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WALL ST FLAT AS CATERPILLAR RISES IN TURNABOUT
Stocks were flat as Caterpillar erased initial declines and turned positive after reporting higher-than-expected profit. The stock was the biggest boost to the Dow.
The S&P appeared once again to be testing the 50-day moving average, which has proven to be a strong support level. A convincing break below could signal further declines.
The Dow Jones industrial average slipped 0.53 point to 13,342.98. The Standard & Poor's 500 Index added 0.69 point, or 0.05 percent, to 1,433.88. The Nasdaq Composite Index gained 7.51 points, or 0.25 percent, to 3,013.14.