How the major stock indexes fared Tuesday (AP)
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NEW YORK – Stocks and bonds fell Tuesday as commodities rallied to two-year highs. Silver, soybeans and copper jumped to levels last seen in October 2008 as investors moved money into hard assets in anticipation that a massive economic stimulus plan announced by the Federal Reserve last week will continue to weaken the dollar.
The Dow Jones industrial average fell 60.09, or 0.5 percent, to 11,346.75.
The Standard & Poor's 500 index fell 9.85, or 0.8 percent, to 1,213.40.
The Nasdaq composite index fell 17.07, or 0.7 percent, to 2,562.98.
For the week:
The Dow is down 97.33, or 0.9 percent.
The S&P is down 12.45, or 1 percent.
The Nasdaq is down 16.00, or 0.6 percent.
For the year:
The Dow is up 918.70, or 8.8 percent.
The S&P is up 98.30, or 8.8 percent.
The Nasdaq is up 293.83, or 12.9 percent.
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