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News Summary: Stocks extend loses after worst decline of 2012

by: The Associated Press , Associated Press

Updated: November 8, 2012 - 5:05 PM

CLIFF WORRIES: Investors sold stocks again Thursday, following the sharpest sell-off of the year the day before. Investors are worried about the outlook for taxes and government spending following the election of President Obama and looming deadline for lawmakers to agree to a plan to cut the US budget deficit.

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