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Dow's 10-day rally fizzles

4:45 AM, Mar 18, 2013   |    comments
A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
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NEW YORK (AP) - Investors will be looking for the stock market to rebound today.

The major stock indexes all fell on Friday.

Perhaps the biggest disappointment was the failure of the Dow Jones industrial average to continue its winning streak, the longest in nearly 17 years.

The blue-chip index dropped 25 points to close at 14,514. The broader S&P 500 fell 2 1/2 points to 1,560, just shy of an all-time high from October 2007. And the tech-heavy Nasdaq composite was down nearly 10 points.

Trading was tentative because investors fear that rising inflation will cause the Federal Reserve to retreat from policies aimed at boosting markets. The government said that consumer prices increased in February at the fastest pace in more than three years.

The Dow had notched a 10-day winning streak through Thursday, its longest since November 1996. The string of wins pushed the blue-chip index up 484 points, or 3.4 percent, to a Thursday close of 14,539.

 

 

 

 

 

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