Stock markets seesawed Thursday as investors sought to divine whether the U.S. economy is slowing or growing and whether Europe’s debt crisis is flaring up again.
An early-morning rally on an upbeat U.S. economic survey gave way to a slide spurred by a disappointing Italian bond auction. By late afternoon, though, stocks were up solidly again, following U.S. market gains led by a study that showed that Hewlett-Packard shipped more personal computers than expected in the first part of the year.
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