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| | Stocks close lower for 5th week on Philip Morris, GE, Iraq. - Sep. 27, 2002 |
 | | On Monday, profit warnings from tech stocks and fears about military action against Iraq pushed the Nasdaq to a six-year low and the Dow near four-year lows, breaking through the closing lows of July 23rd, a level that was hoped by many to be a sustainable bottom. |
 | | Next week brings economic reports on personal income and personal spending, national and regional manufacturing activity, activity in the services sector of the economy and, perhaps most significantly, the September report on unemployment. |
 | | Phone service provider SBC Communications (SBC: down $1.75 to $20.15, Research, Estimates) said late Thursday that it is cutting 11,000 jobs, with 9,000 of the cuts expected in the fourth quarter and the remainder due in early 2003. |
| money.cnn.com /2002/09/27/markets/markets_newyork/index.htm (1230 words) |
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