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WEDNESDAY, NOVEMBER 25, 2009
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 MARKETS 
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Dow Dips 2 Points

Housing starts rise, but come in below expectations

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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.

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/Richard Drew)
The floor of the New York Stock Exchange viewed from the member's gallery in this undated file photo.
The floor of the New York Stock Exchange viewed from the member's gallery in this undated file photo.   (AP Photos/Bebeto Matthews)
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The market has acted so well lately that I can't imagine it coming in too much. Anytime it's down, you have guys waiting in the wings to get in. - Anthony Conroy, BNY ConvergEx

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