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Worries on Europe bring first loss in 4 days

August 17, 2011

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Worries over Europe gave stocks their first loss in four days in another volatile session. French and German leaders proposed a Europewide financial transaction tax, and a report showed Germany’s economy stalled last quarter. US data were mixed: housing weak, factory output up. ‘Investors don’t know which way to go,’ said Paul Brigandi, at Direxion Funds.