U.S Market Update |
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- Markets plunged in pre-market trading this morning after the preliminary Q2 GDP reading came in short of expectations and the Q407 number was revised to -0.2% from +0.6%, providing a strong whiff of the "R word," while weekly jobless claims hit their highest levels since April 2003. After some initial strengthening on the weaker dollar, crude has dropped $2 and is headed lower once again. Bristol Myers' offer for ImClone and strong healthcare and tech reports have helped the Nasdaq to
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