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U.S Market Wrap - 03/07/09, 09:07am EST

 
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From

Yahoo!7 Finance

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Yahoo!7 Finance

Published 4 months ago

US stocks closed lower overnight as unemployment news put a dampener on investor hopes for an economic recovery. Johnson & Johnson (NYSE: JNJ) will take an 18 per cent equity stake in biotech company Elan (NYSE: ELN).

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