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US stocks hold near records; Energy stocks turns lower as price of oil resumes its decline

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NEW YORK — Stocks are wavering near record levels as investors weigh an upward revision in U.S. economic growth against a drop in consumer confidence.

Energy stocks fell 1.4 percent Tuesday after the price of oil resumed its slide ahead an OPEC meeting on Thursday. Some believe the group will fail to agree to cut production in an effort to shore up oil prices.

PHOTO: In this Monday, Nov. 24, 2014 photo, trader John Lotito, center, works on the floor of the New York Stock Exchange. U.S. stocks rose in early trading Tuesday, Nov. 25, after the government revised up its estimate for economic growth in the third quarter, giving the U.S. its strongest six months of growth in a decade. Stocks are trading at all-time highs. (AP Photo/Richard Drew)
In this Monday, Nov. 24, 2014 photo, trader John Lotito, center, works on the floor of the New York Stock Exchange. U.S. stocks rose in early trading Tuesday, Nov. 25, after the government revised up its estimate for economic growth in the third quarter, giving the U.S. its strongest six months of growth in a decade. Stocks are trading at all-time highs. (AP Photo/Richard Drew)

The Standard & Poor's 500 index fell a point to 2,068 as of 11:55 a.m. Eastern time Tuesday.

The Dow Jones industrial average rose 13 points, or 0.1 percent, to 17,832. The Nasdaq composite rose four points, or 0.1 percent, to 4,759.

Pall, a supplier of filtration technology, jumped 3 percent after its earnings beat estimates.

The yield on the 10-year Treasury note held at 2.30 percent.

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