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Business

Wall Street down amid downbeat economic data
Nov 27, 2008 04:00
Wall Street capped a three-day gain Wednesday, as dismal economic data showed the U.S. economy was battered by the financial crisis. The U.S. Commerce Department reported Wednesday that orders for durable goods dropped by 6.2 percent last month, more than double the three percent decline economists had expected. Meanwhile, the Commerce Department also reported that consumer spending plunged by one percent in October, even worse than the 0.9 percent decline that had been estimated ...


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