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August 22, 2012

Japan reported its exports slumped the most in six months in July as shipments to Europe and China tumbled, adding to concerns over global demand. "The export numbers were terrible, reinforcing the idea that all isn't well in the economy," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "We've had a slow, grinding rally and this takes the wind out of our sales and gives investors a reason to step back."

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