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U.S. Stocks Fall on Lackluster Data

Stock Market

Gloomy economic readings from three continents sent stocks skidding and spurred a bearish recommendation from Goldman Sachs, compounding losses in major benchmarks. The Dow Jones Industrial Average fell 166 points, or 1.3%, to 12658 in afternoon trading on Thursday. The Standard & Poor's 500 fell 21 points, or 1.5%, to 1334. The Nasdaq Composite ticked down 52 points, or 1.8%, to 2878, on course to snap a five-session streak of gains.

 

Is Goldman Sachs Predicting Obama's Defeat in 2012?

The Wall Street powerhouse forecasts fiscal gloom in 2012 — which could help Republicans win back the White House.

 

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