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October 15, 2008

Stocks pull back after historic gains

NEW YORK (AP) — Wall Street ended a relatively calm session with a moderate loss Tuesday as investors, while pleased with the government's plans to spend $250 billion to buy stock in private banks, decided to cash in some of their profits from the previous day's massive advance.

It was the first time in nine sessions that the Dow Jones industrial average didn't close up or down in triple digits although it did swing in a 700-point range. The Dow closed down 76 points a day after its record 936-point jump.


 
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