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Stocks End Mixed; FB Below $18, Apple Rallies

September 04, 2012

Stocks recovered from their lows to close mixed on the first trading day of September, but a pair of disappointing economic reports and jitters ahead of the ECB meeting later this week kept a lid on gains. "We should start getting used to these big [market swings]-there will be a lot of headlines in the next few weeks and that's what's going to define this fall," said Brian Battle, vice president of trading at Performance Trust Capital Partners. "It's remarkable that we've had any sort of rally whatsoever in the absence of any fundamental growth and it's inexplicable that we should be at these prices-this seems to be like the calm before the storm."

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