U.S. stocks surged on the slipping dollar in Monday's midday trading. The markets were up about 1% despite economic data coming in softer than expected. The National Association of Home Builders index for March fell to 53. Manufacturing in New York state dropped, the Empire State Manufacturing Survey dropped to 6.9 from 7.8 last month. Industrial production in February also came in less than estimates, up 0.1% versus expectations for a rise of 0.2%. Procter & Gamble (PG) jumped on Bloomberg reporting the company is exploring a sale or IPO of its beauty brands. Quiksilver (ZQK) and Eastman Kodak (KODK) are both trading lower ahead of earnings releases after the close.
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