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Friday, November 27, 2009

CNNMoney.com: Market Briefing Newsletter for Friday, 11/27/2009

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Morningstar
 
   DOW 10,309.92   
   -154.48 -1.48%   
   NASDAQ 2,138.44   
   -37.61 -1.73%   
   S&P 1,091.49   
   -23.36 -2.10%   
   10YR 101 13/32   
   +18/32 Yield: 3.2%   
5:01 PM ET, 11/27/2009
Stocks tumbled Friday afternoon as fears about the fallout from Dubai's debt problems rattled Wall Street in a thinly-traded half-day session following Thanksgiving.  More
Stock markets in Europe closed higher Friday, despite ongoing concerns about a possible loan default by Dubai's sovereign wealth fund, which sent Asian and U.S. markets sharply lower.  More
Although Black Friday seems to be missing the usual mayhem associated with it, the good news for merchants is that shoppers are eagerly spending money on juicy discounts on toys, cashmere sweaters, Snuggie blankets and gadgets.  More
They came by truck, by van and even by taxi.  More
The news that the sovereign wealth fund of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.  More
The Black Friday scene at a Best Buy in New Jersey was busy yet calm, despite a large young crowd, damp conditions and attempted doorbuster ticket scalping.  More
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