New Year's rally fizzles on economic woes

New Year's rally fizzles on economic woes

US stocks rallied 24% between the low set November 20th and January 6th.  However, the release of universally dismal economic reports in the United States dropped stocks over 11%, leaving the S&P 500 down 7.4% on the year, and down 47.0% from the record high set in October 2007. 

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