U.S Market Update |
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- The mood remains somber this morning as markets reel in the wake of the Federal bailout of AIG and the US financial system shows continued weakness. Indices opened down more than 1.0% and have fallen further in mid-morning trading. The August housing starts reading came in below estimates, showing construction of new homes falling to the lowest level in the last 17 years. The DoE readings showed US gasoline stocks at their lowest levels since records began in 1990, while the price of crude
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