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Market Update Archive: 
iPod Powers Holiday Sales
Dec 26, 12:05 PM EST
Most Asian markets were closed for the holiday. The Nikkei hit a five-year peak of 1.04% to 16,107.67. The Indian 30-share BSE dropped 1.85%.
Hectic post-holiday shopping started early Monday morning as retailers offered discounts, extended shopping hours and fresh new merchandise, making effort to salvage holiday-season sales. Shoppers focused on the discounted holiday merchandise, from ornaments to sweaters. The world’s biggest online retailer, Amazon.com Inc., said that global holiday sales set a record this year on demand for iPod music players, video games and jewelry.
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