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Article: United states : US Stocks Extend Global Drop as Bank of America, Intel Slump.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: babalu03
Most U.S. stocks rose after Warren Buffett agreed to buy Burlington Northern Santa Fe Corp. and Stanley Works said it will take over Black & Decker Corp., while technology shares fell on an analyst downgrade of chipmakers.
Burlington Northern surged 28 percent after Buffett made what he called an all-in wager on the nation s economy. Black & Decker rallied 31 percent, the most since at least 1980. Energy and raw-materials producers increased as oil advanced and gold climbed to a record. Intel Corp. led the Dow Jones Industrial Average lower as Morgan Stanley reduced its rating on U.S. semiconductor stocks to cautious.
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