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retail sales report for August, which helped make clothing retailers the
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tire companies skid 9%, amid mounting concern that Asian competition is
taking market share away from Cooper Tire & Rubber. For its part,
Goodyear Tire & Rubber retreated, despite ratifying a contract with
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through the last session of trading in the month, all of the major stock
averages are putting the stop on their multiple-month winning streaks
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into Tuesday, the Dow had lost 35.58, or 0.4%, to 9380.24, for the month.
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The
S&P 500 had fallen 1.43, or 0.1%, to 1006.58, coming into Tuesday, but
had gained 14.4%, so far this year. The
Nasdaq, with one session left in the month, had risen 14.11, or 0.8%, to
1824.56, and year-to-date, by 36.6%. At 1793.43 in mid-morning trading
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stocks weren't able to resist September's slide. The Russell 2000 Index
had lost 4.71, or 0.9%, to 492.71 in September, coming into Tuesday.
Year-to- date, the Russell 2000 is up 28.6%. The
third-quarter performance, however, painted a more encouraging picture of
the market's direction than did the quarter's final month, as the stock
indexes managed to hold on to the gains from July and August dute
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online Intel,
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Semiconductor Index, helped both gauges reach new highs in the third
quarter, as the world's largest chip maker raised its third-quarter
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chip sales helped the chip group advance as a whole.
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