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Fiscal Cliff Hangs Over Economy Rebound
Wall Street snaps a six-day rally as encouraging economic signs are overshadowed by fiscal cliff concerns. Stocks suffered through their steepest decline in a month. Jobless claims dropped close to a four-year low last week. The labor market is seeing slow, yet steady improvement after Super storm Sandy temporarily disrupted progress. Retail sales bounced back in November following October's decline, And inflation remains tame. Producer prices dropped in November due to lower energy costs.
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