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Stocks Close Down For Second Day Thursday
A combination of a stronger dollar and weak economic data took a toll on stocks Thursday.
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NEW YORK (November 19, 2009)--Signs of a subdued economic recovery sent investors out of stocks and in search of safer assets such as the dollar Thursday.
Energy and material stocks logged the biggest losses Thursday as a jump in the dollar sent commodity prices tumbling.
An analyst's downgrade of the chip industry pulled technology shares sharply lower.
Stocks were lower for a second day.
The Dow Jones industrial average was down 93 at 10,333 after sliding 170.
The S&P 500 index was down 15 at 1,094.
The Nasdaq composite index was down 36 at 2,157.
Five stocks fell for every one that rose on the New York Stock Exchange.
Volume totaled 1.1 billion shares, in line with Wednesday's level.
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