Stumbling Blocks

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Stocks were battered last week by concerns over U.S. economic growth prospects as oil prices hit new highs and the Labor Department reported weaker-than-expected job increases in September. The Dow Jones industrial average closed down nearly 0.7 percent to 10,055.20, while the Nasdaq fell about 1.5 percent to 1,919.97. Within the Nasdaq, Intel tumbled 3.1 percent—a drop that underscores the pressure the chip maker is under, as it confirmed last week that it is reviewing its global agency relationship with Havas’ Euro RSCG Worldwide.

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