Dow Dips 2 Points

Housing starts rise, but come in below expectations
By Nick McMaster,  Newser Staff
Posted Sep 17, 2009 3:20 PM CDT
Dow Dips 2 Points
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)

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.
(More Dow Jones stories.)

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