off in U.S. equity markets last week left stocks cheap enough for investors to jump in again and buy. Banc of America Securities Chief Investment Strategist Tom McManus raised his equity weighting for the first time in more than two years, saying the slide provided the best chance to buy stocks in a year. The Dow Jones industrial average .DJI was down 26 points, at 10,061.35. The S&P 500 was up 4.36 points, or 0.38 percent, at 1,146.98. The Nasdaq Composite Index .IXIC was up 9.39 points, or 0.49 percent, at 1,917.54. Stocks tumbled to 5 1/2-month lows on Friday on heightened concerns about an economic slowdown and weak earnings. In Europe, share indexes suffered their biggest one-day fall in eight months. The FTSEurofirst 300 index .FTEU3 of pan-European blue chips closed 1.8 percent lower at 1,063.6 points, its biggest daily decline since August. The dollar extended its pullback from last week's two-month high against the euro as traders focused on the vulnerability of U.S. economic growth. Without strong economic growth, the outlook for a quickening in the pace of dollar-supportive U.S. interest rate hikes will diminish. --More 2322 Local Time 2022 GMT
