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Money Report: Stocks Lose Ground After Dow Opens Over 9,000
Monday, January 05, 2009 6:29:00 PM
NEW YORK (AP) -- The key stock market averages lost ground to begin the week. The broader market was mixed.
Stock Indexes at Close Monday
Advancing issues actually led decliners by a 2-to-1 margin on the New York Stock Exchange.
Some 4.7 billion shares changed hands on the NYSE. There were 1.8 billion shares traded on the Nasdaq stock market.
Obama, Dems Look To Expand Health Care, Unemployment Benefits
President-elect Obama and congressional Democrats are considering a major expansion of government-assisted health care insurance and unemployment benefits as part of a two-year economic recovery program.
Proposals included extending unemployment compensation to part-time workers, subsidizing employers who must continue health insurance benefits temporarily for employees laid off and retired, and allowing workers who lose jobs that did not include insurance to apply for Medicaid.
It is not expected to be a busy week for economic reports.
November construction spending reports are due out Tuesday, followed by the December unemployment report on Friday.
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