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Article: Stocks slide as Buffett deal brings modest comfort
- Article from:
- AP Online
- Article date:
- November 3, 2009
- Author:
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Stocks are lower after a rally as investors draw only modest comfort from investor Warren Buffett's decision to buy one of the nation's largest railroads.
Investors are on edge Tuesday amid worries about the stability of major financial firms in Europe.
Buffett's Berkshire Hathaway is paying $100 a share for Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion.
A rising dollar is hurting commodity prices.
The Dow Jones industrials are down 80 at 9,710. The Standard & Poor's 500 index is down 8 at 1,035, and the Nasdaq composite index is down 15 at 2,034.
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