(Newser)
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The markets finished the year on a bearish note, reports MarketWatch. Because jobless claims fell, investors are worried that the Fed will consider it a sign of a strengthening economy and raise interest rates in the new year. Despite the final-day fall, the Dow posted its biggest yearly gain since 2003, a rise of about 19%.
- The Dow dropped 120 points to close at 10,428.
- The Nasdaq fell 22 to finish at 2,269.
- The S&P 500 dropped 11 to 1,115.
