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| Jan 5, 2009 | |
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US stocks open lower
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| NEW YORK - WALL Street is proceeding cautiously into the first full week of 2009. Stocks are down in early trading as investors await a reading on construction spending and examine a tax-cut proposal by president-elect Barack Obama.
Mr Obama is calling on Congress to pass an economic stimulus plan designed to create three million jobs. Monday's lower open was not surprising after a rally Friday that left the Dow Jones industrial average at a two-month high. Some investors remain hesitant to jump into a battered market with the economy still weak. The Dow Jones industrials are down 65 at the 8,969 level. -- AP | |
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