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Stocks Dip Again

By Kevin Spak,  Newser Staff
Posted Mar 9, 2009 8:54 AM CDT
Stocks Dip Again
A Broker looks sadly at his monitor as he works the trading floor of the New York Stock Exchange.   (AP Photo)

(Newser) – After four consecutive weeks of losses, stocks headed south yet again today, with the Dow down 40 points, and the S&P and Nasdaq sliding 0.5% and 0.2% respectively in early trading, the Wall Street Journal reports. The pessimism comes after the World Bank said that the global economy will likely contract for the first time since World War II, with global industrial production down as much as 15% by mid-2009.
(Read more stock market stories.)

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