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Positive news about lower interest rates helped boost the Dow Jones Industrial Average by the end of last week, although there was only depressing news for ad holding companies. WPP’s stock fell as traders saw the exit of a key J. Walter Thompson Detroit exec as a sign of difficulties with Ford. For the week, WPP was down 8.8 percent to $29.18, from $32 last Monday. IPG’s stock took another hit on Friday when Standard & Poor’s lowered its long-term credit rating to junk status following IPG’s earnings announcement on Thursday.
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