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Market extends losses on oil and financials (Reuters)

The New York Times and The Wall Street Jounal are displayed at a newsstand on Monday, July 28, 2008 in New York. News Corp. says fiscal fourth-quarter earnings jumped 27 percent, Tuesday, Aug. 6, 2008, on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units. (AP Photo/Mark Lennihan)Reuters - Stocks extended losses on Thursday, as
oil prices added to gains and financials fell further after
Moody’s Investors′ Service said it may downgrade American
Express′ credit rating.

Original post by Reuters

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