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January 13, 2017

Banks lead stocks lower

By ALEX VEIGA
AP Business Writer

Banks and other financial companies led U.S. stocks modestly lower Thursday, wiping out much of the market's gains from a day earlier.

Phone companies, real estate, utilities and health care stocks eked out gains. Energy, technology and other stocks that posted big gains in the weeks after the November election lost ground. Hess slumped 4.8 percent and chipmaker Micron Technology fell 2.1 percent.


 
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