US Stocks Open Lower As Econ Jitters Offset Buffett Purchase

Nov 3rd, 2009 - Wall Street Journal

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NEW YORK (Dow Jones)--U.S. stocks opened lower Tuesday on some economic jitters ahead of a two-day policy meeting from the Federal Reserve, with traders looking past a decision by Warren Buffett's Berkshire Hathaway to purchase Burlington Northern Santa Fe in a bet on economic recovery.

Early Tuesday, the Dow Jones Industrial Average traded off 50 points to 9747. Within the index, financials were particularly weak, including a decline of 1.4% for Bank of America.

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