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August 23, 2016

Stocks end mostly lower in quiet day

NEW YORK (AP) — Stocks closed slightly lower in quiet trading Monday after drifting most of the day between gains and losses. Energy companies fell along with the price of oil while biotechnology and drug companies rose after Pfizer announced it was buying a cancer drug maker.

Trading remained subdued, as it has been for most of the month, with many investors remaining on the sidelines until after Labor Day.


 
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