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July 25, 2008 12:05:05 PM CDT

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Stocks Mixed on Bad Tidings

Posted Feb 15, 08 3:55 PM CST in Business 

(Newser) – The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized on a minor late rally to finish up 1.13, at 1,349.99.

A downturn in consumer confidence soured investor confidence, and Best Buy's cutting its earnings forecast in expectation of lower-than-targeted fourth-quarter revenue didn't help. "The credit issues are a major concern," an investment strategist told Bloomberg. "It seems each rock we turn over has something underneath it."

Sources: MarketWatch, Wall Street Journal, Bloomberg

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Shoppers head into a subway station in New York's Lower East Side on in this undated file photo. The Reuters/University of Michigan Surveys of Consumers index of consumer sentiment dropped to 69.6, the...   (Associated Press)
Traders and specialists work on the floor of the New York Stock Exchange, Friday, Feb. 15, 2008. (AP Photo/David Karp)   (Associated Press)
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S&P 500  • Nasdaq  • Dow Jones Industrial Average  • stocks  • Best Buy  • Federal Reserve Bank of New York  • manufacturing index


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