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VOL. 39 | NO. 49 | Friday, December 4, 2015

Signs of weakness in China sink materials stocks; oil falls

The Associated Press

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NEW YORK (AP) — Sharp drops in materials and energy shares led to a broad decline in the stock market.

The price of crude oil continued to fall Tuesday, and the U.S. benchmark for crude remained near its lowest level in seven years.

Mining stocks in particular were hurt by weak economic news from China, a major importer of raw materials. Freeport-McMoran slumped 7 percent. It's down 71 percent this year.

Indexes clawed back some of an early drop and finished moderately lower.

The Dow Jones industrial average lost 162 points, or 0.9 percent, to 17,568. It was down 245 earlier.

The Standard & Poor's 500 index gave up 13 points, or 0.7 percent, to 2,063. The Nasdaq composite slipped three points, or 0.1 percent, to 5,098.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0