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February 4, 2010

Stock rally stalls out

NEW YORK (AP) — The stock market retreated from a two-day rally Wednesday after growth in the nation's service businesses fell short of expectations.

The Institute for Supply Management said its index of service activity rose to 50.5 in January from a revised 49.8 in December. The January reading was below the level of 51 analysts polled by Thomson Reuters had been expecting. Any number above 50 signals growth.


 
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