Dow Dips 2 Points
Housing starts rise, but come in below expectations
By Nick McMaster,  Newser Staff
Posted Sep 17, 2009 3:20 PM CDT
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – Stocks posted small losses today as the modest rally of the last two weeks ran out of steam, the Wall Street Journal reports. Housing starts for August rose 1.5%, less than expected. FedEx shares dropped after the company reported a 53% drop in quarterly profit. The Dow fell 2 points to close at 9,790. The Nasdaq lost 6 points, settling at 2,127, and the S&P 500 dropped 3 points, to 1,065.