(Newser) -
An early rally faded today and the markets closed with mild losses, the Wall Street Journal reports. Oil fell $5.75 as Gulf Coast oil-production facilities appeared to have emerged mostly unscathed from Hurricane Gustav, but the news failed to give equities lasting momentum. The Dow closed down 26.63, at 11,516.92. The Nasdaq fell 18.28, to 2,349.24, while the S&P 500 lost 5.27 to settle at 1,277.56.
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