Stocks were lower, though had recovered from session lows by the middle of the day. A disappointing outlook from General Electric Co. (GE) was the biggest drag on the Dow Jones Industrial Average, while Microsoft Corp. (MSFT) losses weighed on the tech sector. eBay Inc. (EBAY) fell after a quarterly performance that met estimates, but did not beat them. The online auction site anticipates adjusted third-quarter earnings no higher than 48 cents a share, matching consensus. Schlumberger Ltd. (SLB) topped earnings and sales estimates and announced plans to buy a majority stake in Russia's Eurasia Drilling. The oil company also anticipates strong growth in North America in the second half of the year. Colgate-Palmolive Co. (CL) declined after a mixed quarter. CEO Ian Cook said "uncertainty in global markets and slowing category growth worldwide remain challenging."
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