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Stocks Pull Back Tuesday
(1:58)
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Economic fears continued to envelop Wall Street, as stimulus optimism wanes and ground realities strike. Homebuilder confidence rose to its highest level in over six years in August. FedEx cut its profit forecast for the fiscal year, stating that the global economy is worsening. Advanced Micro Devices said Thomas Seifert has decided to resign from his post as chief financial officer. And shares of Apple hit a new all-time high, crossing above $700 for the first time.
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