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Tuesday, October 4, 2011

BREAKING NEWS: Stocks Off to Another Weak Start, Dow Down 165

On the heels of two sessions of significant weakness, stocks are selling off at the open. The financial sector is again leading the way down, with Morgan Stanley off nearly 6% on word it may raise $5 billion in a Japanese bond sale. S&P also said it sees a greater chance of recession in Europe. The Dow is off 165 points at 10489, and the yield on the 10-year Treasury is down to 1.74%.


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