NEW YORK (AP) — Stocks are wavering in early trading as traders weigh slightly better than expected reports on jobs and housing with the possibility that Greece could default on its debt.

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The number of people who applied for unemployment benefits fell last week to 414,000, a bigger decline than analysts had predicted. Construction of new homes also grew more than expected.

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In early trading, the Dow Jones industrial average is up 19 points, or 0.2 percent, to 11,916. The S&P 500 is up less than a point to 1,266. The Nasdaq composite index is down 4, or 0.2 percent, to 2,628.

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