NEW YORK (AP) _ Wall Street struggled to find a direction in early trading Tuesday, sending blue chips moderately higher while technology issues fell.

In the first hour of trading on Wall Street, the Dow Jones industrial average was up 20.85 at 10,566.92.

Broader stock indicators were mixed.

The Nasdaq composite index fell 12.52 to 2,867.97. The Standard & Poor's 500 index rose 1.12 to 1,350.09.

The uncertain start followed a mixed session Monday, when investors bought blue chips and sold off tech stocks.

Analysts said some of the volatility can be blamed on the continuing presidential election dispute, but they said that earnings worries are the real issue for many companies.

Investors, unsure of where to put their money in a moderating economy where growth rates are slower, have been shifting their money into stocks considered safe bets, including drug and financial stocks.

That pattern continued Tuesday. Banker J.P. Morgan rose 45 cents to $145.06 and pharmaceutical maker Merck was up 69 cents at $92.31.

Chip maker Intel was off 56 cents at $43.38. Computer maker Dell fell 38 cents to $24.06.

The Russell 2000 index fell 1.23 to 470.47.

Overseas, Japan's Nikkei stock average fell 0.4 percent. In afternoon trading, Germany's DAX index was down 0.8 percent, Britain's FT-SE 100 was off 1.5 percent, and France's CAC-40 fell 1.2 percent.


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