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February 2, 2016
NEW YORK (AP) — The stock market was able to recover from steep losses to close slightly lower on Monday as investors looked past another drop in the price of oil and renewed concerns about U.S. and Chinese economic growth. Oil and gas companies remained in the red.
The fact that utility and other high-dividend stocks were among the better performers should be seen as a sign that many investors still want to play it safe, traders said.
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