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Stock market closes mostly lower

Stock market closes mostly lower

Concerns over weaker global economic growth appeared to outweigh a pair of strong reports on the U.S. economy Tuesday, nudging stocks to a tiny loss. Crude oil prices sank 3 percent, pulling down stocks of oil producers. Small-companies, which have fewer ties to the world economy, made gains. Meanwhile, the dollar reached a one-year high against the euro as short-term interest rates edged up. “It's the picture of U.S. strength against the backdrop of global weakness,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago. The S&P 500 index slipped 1.09 point, less than 0.1 percent, to 2,002.28. The Dow Jones industrial average fell 30.89...

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