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IPFS News Link • Economy - Economics USA

Wall Street Drops on Recovery Worry, RIM Results

• Reuters
Stocks fell on Friday as investors wrestled with disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented recent optimism about technology spending.Economic reports showed that new orders for long-lasting U.S. manufactured goods fell by their biggest margin in seven months, while August sales of new home sales fell short of Wall Street's expectations, raising questions about the strength of the recovery.

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