In the news:
- CA-BUSINESS Summary4:07 PM ET | Reuters
- Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet4:07 PM ET | Reuters
- Wall Street ends lower on housing data4:06 PM ET | Reuters
- Native Americans seek dismissal of Redskins' suit4:04 PM ET | AP
- Investors fret Yahoo's future, stock dips4:04 PM ET | AP
- WRAPUP 5-Siemens splurges $7.6 bln on Dresser-Rand in U.S. shale market bet4:02 PM ET | Reuters
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[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
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