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Article: Market falls with report on consumer confidence
- Article from:
- Charleston Gazette
- Article date:
- October 28, 2009
- Author:
CopyrightCopyright 2009 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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The Associated Press
NEW YORK - Stocks mostly fell Tuesday as mixed reports on home
prices and consumer confidence gave investors little incentive to
step into the market.
Rising energy stocks and a decision by IBM Corp. to double its
stock-repurchase plan propped up the Dow Jones industrials but the
Nasdaq composite index slid after Chinese Internet search company
Baidu Inc. warned its revenue could take a hit as it switches its
advertising system.
Two stocks fell for every one that rose at the New York Stock
Exchange.
Bond prices rose after strong demand at a government debt
auction, signaling that investors are still seeking safety.
Stocks rose at the start of trading following a report ...