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NEW YORK, Aug 7 - U.S. stocks were lower in choppy trading on Wednesday afternoon, rising early with technology shares and then falling in tandem with them as investor jitters were stoked by weak demand in a 10-year Treasury auction.
Investors have been worried about a possible U.S. recession and weaker-than-expected forecasts from U.S. companies. "When you see any kind of perturbation in the yields on the curve, that causes some pause for investors, especially when there's an auction happening which very sensitive to the current state of the market."
Walt Disney , fell 3.3% as it predicted a"moderation in demand" at its theme park business in the coming quarters. Declining issues outnumbered advancing ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored decliners.
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