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Wall Street’s Tough Day


The Stock Market pummeled on weak ADP employment report, drop in pending home sales, bank woes, worries the Fed won’t cut rates. Also dragging on stocks: the afternoon release of the Federal Reserve’s ‘beige book’ report on the economy, which added to confusion about whether the central bank will cut short-term interest rates anytime soon. The Dow Jones industrial average closed down 143 points at 13,305



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