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Article: Stocks slip in light trading after week of gains
- Article from:
- AP Worldstream
- Article date:
- November 12, 2009
- Author:
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Stocks mostly fell Thursday as gains in technology stocks failed to lift the broader market after days of steep gains.
The technology-heavy Nasdaq composite index outpaced other indicators as 3Com Corp. surged after agreeing to a $2.7 billion takeover by Hewlett-Packard Co. and as Intel Corp. said it would pay $1.25 billion to Advanced Micro Devices Inc. to settle legal disputes.
Investors reacted coolly to other signs of improvement in the economy. The Labor Department said new claims for unemployment insurance fell to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week. That's the fewest claims since the week ending Jan. 3, and below economists' ...