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Stock Prices Dip in Early Trading

December 22, 2003

NEW YORK (AP) _ Stock prices are slipping in early trading. The Dow Jones Industrial Average is down 10 points. Losing issues on the New York Stock Exchange hold a six-to-five lead over gainers.

The Nasdaq Composite Index is off 5 points and the Standard-and-Poor’s 500 Stock Index is down 2 points.

With little else to drive market action this morning the escalated terrorism threat could give investors an excuse to sell some shares.

Over the weekend, the U.S. government raised the national terror-attack warning to its second-highest level.

Trading volume is expected to be rather light as traders begin their holiday exodus. U.S. equities markets will close at 1 p-m eastern time on Wednesday and remain closed for Christmas Day Thursday. The markets will close early again on Friday.

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