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  • U.S. stocks finish lower but above session lows

    Kathy Cherpelis at Hot Stock Minute19 hrs ago

    The European debt crisis reared its ugly head after one of Portugal’s biggest banks delayed a debt payment. European stocks plummeted, putting pressure on U.S. markets in early trading, but by the close they had recovered more than half those losses.

    The Dow (^DJI) finished 71 points lower at 16,915; the Nasdaq (^IXIC) ended 23 points lower at 4,396 and the S&P 500 (^GSPC) lost 8 points, closing at 1,965.

    Some more encouraging news on the labor front did little to help matters. The Labor Department reported that the number of people filing for jobless benefits last week fell to near a seven-year low.

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