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Updated from 8:56 a.m. EST
Stocks in New York sagged at the open Wednesday, as traders eyed the prospect of a bailout for the automakers and began digesting an array of economic reports.
The Dow Jones Industrial Average was down 173 points at 8246, and the S&P 500 was losing 18 points to 830. The Nasdaq dropped 34 points to 1416.
During Tuesday's trading session, the major averages finished with gains in a rebound from a broad selloff on Monday. Tuesday's rally was bolstered somewhat when General Electric (GE Quote) narrowed its earnings forecast but said it would maintain its dividend. ...
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