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Stocks Shrug Off Job Losses

Pfizer deal drives gains

By Kevin Spak,  Newser Staff

Posted Jan 26, 2009 8:58 AM CST

(Newser) – Pfizer’s massive deal to buy Wyeth helped investors shrug off the bloodbath at Caterpillar, Home Depot and Sprint-Nextel this morning, sending indexes slightly higher at the open. The Dow rose 55 points, while the S&P and Nasdaq rose 11 and 18 points respectively....   Read full story »

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