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Reuters: Stocks slip on rethink of Fed plan, oil over $110

Started by chris, March 12, 2008, 10:01:11 PM

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chris

Stocks slip on rethink of Fed plan, oil over $110
      


NEW YORK (Reuters) - Stocks fell on Wednesday as optimism receded about the Federal Reserve's latest initiative to ease credit market strains, while a jump in oil prices to a record above $110 a barrel raised fears of further strains on corporate profits.
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