Stock market shows moderate decline; Dow down 76 points
By The Associated Press
Tuesday October 14, 2008
NEW YORK (AP) — Wall Street ended a relatively calm day with a moderate decline Tuesday, with the Dow Jones industrials falling about 76 points as profit-taking set in after Monday's massive advance. It's the first time in nine sessions that the Dow hasn't closed up or down in triple digits. After some early gyrations, stock prices fluctuated during the day, but the Dow and the Standard & Poor's 500 index were often in the plus column. Investors were optimistic about the government's plans to spend $250 billion to buy stock in private banks, but they also decided to collect profits from the surge that sent the Dow up 936 points.
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