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Stock Market News Update for Wednesday, October 27, 2010

Wednesday saw U.S. stocks sold off amid speculation that the Federal Reserve is going to announce a smaller-than-expected stimulus package next week.

The Dow Jones industrial average (INDU) was down 112 points, or 1%, with about two hours left in the session. The S&P 500 (SPX) slid 9 points, or 0.8%. The Nasdaq (COMP) also lost 8 points, or 0.3%.

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