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THURSDAY, NOVEMBER 26, 2009
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 MARKETS 
3

Rally Pauses; Dow Adds 15

Verizon earnings disappoint, but Commerce reports jump in June home sales

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(Newser) – Stocks fluctuated today after two weeks of solid gains, the Wall Street Journal reports. Data from the Commerce Department showing an 11% rise in sales of single-family homes in June boosted homebuilders. Verizon fell 2% after posting a 7% decline in earnings. The Dow ended up 15.27 at 9,108.51. The Nasdaq gained 1.93, settling at 1,967.89, and the S&P 500 added 2.92 to close at 982.18.

Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)
Traders Maier Tarlow, Richard Cohen and Peter Tuchman, left to right, work the floor of the New York Stock Exchange in this undated file photo.
Traders Maier Tarlow, Richard Cohen and Peter Tuchman, left to right, work the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)
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There was just so much money on the sidelines that has come back. That's why we're up more than any other reason - William Lefkowitz, options strategist, vFinance Investments.

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3 comments
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Timinator2K
Jul 27, 09 3:26 PM CDT
Verizon down 2% after posting a 7% decline in earnings...they suck vacuum, what-a-shock...not. Reply
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partialobserver
Jul 27, 09 3:45 PM CDT
hmmm....I would run for a new provider but the only good one I've managed to find is down here in Nicaragua. The gall...
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IN RESPONSE:
Snarfeh
Jul 28, 09 1:47 PM CDT
Those SOB's still owe me money, imo. I still have worthless stock from when GTE merged with 3 other companies to form that ferking monopoly.
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