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Fed Raised Rate, Google Falls |
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Author: 123jump.com Staff
123jump.com
Last Update: 5:22 PM EST January 31 2006
Market did not react to the rise in expected key interest rate to 4.5%. A batch of economic report failed to excite the market. For January 2006, Dow closed up 1.4% and Nasdaq rose 3%. Oil rose and then fell. Semiconductor stocks fell. Google reported earnings below estimate, stock dropped as low as 19% in the after-market. |
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