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11/04/2009 6:43 PM

Evening Business Brief

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Stocks ended mixed, slipping from their best levels of the day. The Dow rose 30 to 9,802. The S&P added 1 and the Nasdaq fell 2 points.
  • The Federal Reserve is keeping to its promise to maintain its benchmark interest rate at a record low for an "extended period." The Fed says economic activity has "continued to pick up."
  • Benchmark crude for December delivery added 80 cents to settle at $80.40 a barrel on the New York Mercantile Exchange. That was after the Energy Information Administration reported that oil and gasoline supplies dropped, surprising energy analysts who believed the amount of crude in storage would grow.
  • Federal prosecutors say billionaire hedge fund manager Raj Rajaratnam's, charged in a $25 million insider trading case, must remain held under a $100 million bail. They say he has the money and the incentive to flee.
  • Gold prices rallied to another new high on the back of a weaker dollar. Gold for December delivery rose to as high as $1,098 an ounce, before settling with a gain of $2.40 at $1,087 an ounce in New York.





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