NEW YORK (TheStreet) -- U.S. stocks recouped losses sustained earlier in the day as merger news outweighed weaker-than-expected domestic housing data, and Russia was hit by sanctions from the U.S. and promises of more from the European Union in coming days.
Equities may get a boost later this week from the Federal Reserve's policy committee and second-quarter growth numbers on Wednesday followed by July government jobs report on Friday.
All major indices were in the red earlier in the day as the EU warned of tighter sanctions against Russia over its alleged involvement in the Ukrainian conflict, particularly in the sectors of finance, defense and energy. The White House also said it expected to increase its own restrictions already in place.
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