Markets End Lower to End the Year
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Even an uptick in sales of existing homes, gave no apparent lift to stocks as traders closed the books on a year that many were happy to put behind them.
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The sagging U.S. dollar fell Thursday to its lowest level against the British pound since 1992.
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Hopes for a bullish start to the year for stocks faded after a key measure of manufacturing activity unexpectedly fell in December to its lowest level since 2003.
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Interest rates on short-term Treasury bills fell in auction yesterday to the lowest levels in more than a year.
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2007 marked one of the worst years for financial stocks in recent memory.
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A good year ends with a bad quarter.
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U.S. stocks ended lower on Tuesday,  after data indicated that the critical holiday shopping season  got off to a sluggish start for retailers.
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Business & money: Drop means annual rate of price inflation is at lowest point since December 2005
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UK blue chips closed lower as Wall Street remained weaker after disappointing inflation data with Alliance & Leicester down after reporting a fall in core operating profit, held back by large scale write-downs.
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The Dow Jones industrial average dived to its lowest level of the year last week as investors cautiously eyed oil prices and political polls and determined that neither was flashing a &quot;buy&quot; signal for stocks.
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Business & money: Index of leading UK shares falls to lowest level since credit crunch began last August
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US stocks ended a tumultuous 2007 with a whimper Monday, retreating in the face of a new year fraught with worries about economic growth, a housing meltdown and tight credit.
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European equities slid to a 13-month low on Friday after a volatile week in which investors fled towards defensive stocks as a slew of broker downgrades put earnings expectations under pressure.
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Stocks ended lower on Friday on signs  the economy may be slowing more sharply than previously  thought, threatening corporate profits, including those of  large industrial companies.
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U.S. Treasury yields touched their  lowest levels in over a month on Wednesday, driven by largely  technical factors in an illiquid year-end market.
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U.S. Treasury debt prices moved lower  on Wednesday, with traders chalking up the move to year-end  position-squaring and some concern about potential inflationary  pressures on interest rate policy.
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US stocks sank to their lowest since October 2006 on fears that a contraction in US manufacturing may tip the economy into recession.