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Stocks Slide After 5 Days of Gains

Updated: Friday, 11 Sep 2009, 3:13 PM CDT
Published : Friday, 11 Sep 2009, 11:10 AM CDT

By STEPHEN BERNARD and TIM PARADIS,AP Business Writers

NEW YORK - Investors pulled money out of stocks after a five-day rally left the market at its highest levels in nearly a year.

Stocks are lower Friday after the recent string of gains and a drop in oil prices. Falling oil has hurt energy stocks and overshadowed an upbeat forecast from FedEx Corp.

The Dow Jones industrial average is down 22 at 9,605.41. That is nearly identical to the Dow's finish of 9,065.51 eight years ago, the day before the Sept. 11, 2001 terror attacks.

The Standard & Poor's 500 index is down 1 at 1,043. The Nasdaq composite index is down 3 at 2,081.

Four stocks rose for every three that fell on the New York Stock Exchange, where volume came to a moderate 1.3 billion shares.

Copyright Associated Press, Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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