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Celtics Live

19

13

1st Quarter 4:25

US stocks fall as economic reports, Europe overshadow earnings

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Despite a slew of strong corporate profit reports, stocks retreated on news that sales of previously owned homes fell in March, more people than forecast sought jobless benefits last week, Philadelphia-area manufacturing expanded at a slower pace, and yields on French and Spanish 10-year bonds climbed, intensifying the concern about Europe’s debt crisis.

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