Dow Jones Barely Avoids Longest Losing Steak Since February 1978

Wed, Aug 3, 2011

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NEW YORK — The Dow ended a volatile day with small gains Wednesday to avoid a losing streak not seen since Jimmy Carter was president.

The Dow Jones industrial average rose 29.82 points and broke an eight-day losing streak. The Dow was down as much as 166 points in the morning. A ninth day of losses would have been the longest for the blue-chip index since February 1978.

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