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Updated from 12:00 p.m. EST
Stocks in New York were trading lower after an exuberant open Monday, as buying interest spurred by China's economic stimulus package gave way to worries over a grim near-term future for U.S. companies.
The Dow Jones Industrial Average was losing 110 points to 8833, and the S&P 500 was down 15 points to 916. The Nasdaq was losing 31 points to 1617.
Financial firms were in focus as Monday's session got under way. Troubled insurer American International Group (AIG Quote) received a revamped $150 billion bailout package from the U.S. government and reported a third-quarter loss of $24.47 billion, or $9.05 a share, compared with year-earlier net income of $3.09 billion, or $1.19 a share. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 35.86 |
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