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Third Straight Week of Stock Losses
The global economic slowdown and low interest rates combined to sink stocks last week. The interest on the 30-year Treasury bond dropped to a record low near 2% and German and Chinese economic conditions are weakening. But stock prices rose a bit later in the week as fears over an impending recession receded a bit.
For the week, the stock indexes fell 1%, more or less, with international stocks dropping a bit more. Despite all the bad news emanating from foreign climes, overseas equities are still up 5% for the year so far.