Stocks Mixed After Opening Bounce

U.S. stocks traded mixed Tuesday after pressure from lower oil prices ate away early gains in the morning.

The Dow Jones industrial average was up about 40 points in afternoon trading after jumping gained more than 150 points in the open.

The S&P 500 and Nasdaq composite struggled to hold higher after gaining more than 1 percent at the open, CNBC reported.

Last week, stocks closed 2 percent lower for the S&P 500 and Dow Jones, making it the worst 10-day start to a year on record.

Official data reported China’s gross domestic product at 6.9 percent for 2015, the slowest pace since 1990. The fourth-quarter GDP was below expectations. December retail sales and industrial production both grew, but were mildly below estimates. 

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