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Wall Street Ends Near Flat; Pulls Back for the Week

Wall Street Ends Near Flat; Pulls Back for the Week (Reuters)

Investors hoping for the market to shake off concern that the Fed may begin taping its easy-money policies in the wake of improving economic data will need to wait until at least next week, with stocks ending nearly flat today after a three-day drop that resulted in the worst week for the market in nearly four months. The U.S. stock market may be in a bit of a holding pattern until next week’s Federal Reserve’s policy-setting meeting. In today’s trading, the Dow Jones industrial average rose 15.93 points, or 0.1 percent, to 15,755.36, the S&P 500 Index lost 0.18 points, or 0.01 percent, to 1,775.32, and the Nasdaq Composite added 2.572 points, or 0.06 percent, to 4,000.975.

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