Wednesday, October 29, 2008

US STOCKS-Market opens lower

U.S. stocks fell at the open on Wednesday as investors locked in profits after Tuesday's steep gains and retailers' shares fell as oil prices rose, eclipsing optimism about a possible interest-rate cut.

The Dow Jones industrial average .DJI fell 53.29 points, or 0.59 percent, to 9,011.83, while the Standard & Poor's 500 Index .SPX slid 6.21 points, or 0.66 percent, to 934.30. The Nasdaq Composite Index .IXIC was down 11.56 points, or 0.70 percent, at 1,637.91

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