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Stock market retreats as gains fade on cautious outlook
The stock market eased on Thursday with the Dow slipping 7.26 to 3399.73 as investors weighed a modest recovery path. Initial unemployment claims rose 4,000 for the week ending May 23 while long-term Treasuries held around 7.87 percent. NYSE volume neared 204 million shares with more decliners than advancers.
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