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U.S. stocks retreated on Friday, ending the longest advance by the Dow Jones Industrial Average in more than 16 years and containing the S&P 500 just as it neared its record close."The market is looking for any excuse to take a breather. We've been heading up for a time, so this is just a pause. You can't go up all the time, just like you can't go down all the time," said Richard, or Chip, Cobb, a portfolio manager at BMT Asset Management in Bryn Mawr, Pa.On the run after a 10-session advance, its longest win streak in more than 16 years, the Dow Jones Industrial Average (DJI) fell 25.03 points, or 0.2%, to 14,514.11, leaving it with a 0.8% weekly gain.A day after closing within two points of the all-time closing high of 1,565.15 hit in October 2007, the S&P 500 index (SPX) on Friday fell 2.53 points, or 0.2%, at 1,560.70, shaving its gain from the week-ago close to 0.6%.The Chicago Board Options Exchange Volatility Index (VIX) rose 0.1% to 11.31, a day after the gauge, which measures ...
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U.S. stocks retreated Friday, jeopardizing the longest advance by the Dow Jones Industrial Average in more than 16 years and containing the S&P 500 just as it neared...
U.S. stocks retreated Friday, jeopardizing the longest advance by the Dow Jones Industrial Average in more than 16 years and containing the S&P 500 just as it neared...
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