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Wall Street tripped up by profit taking

8/10/2009 12:21:49 PM


Wall Street tripped up by profit taking
* On Monday August 10, 2009, 2:28 pm EDT
Companies:
o Dow Jones Industrial Average

NEW YORK (Reuters) - Stocks extended their losses on Monday, as retailers faltered and investors booked profits on the heels of a four-week rally.

The decline came after a sharp advance in Friday's session, when better-than-expected July employment data pushed the broad S&P 500 to a 10-month high.

The Dow Jones industrial average (DJI:^DJI - News) fell 77.46 points, or 0.83 percent, to 9,292.61. The Standard & Poor's 500 Index (^SPX - News) lost 9.45 points, or 0.94 percent, to 1,001.03. The Nasdaq Composite Index (Nasdaq:^IXIC - News) slid 20.68 points, or 1.03 percent, to 1,979.57.

(Reporting by Leah Schnurr; Editing by Jan Paschal)


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