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Daily Market Wrap: January 3, 2012

Market News Video
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January 03, 2013 AT 9:12 PM
The markets were lower this morning after yesterday's monster rally, and remained in negative territory following the release of the Federal Reserve's latest minutes. On the economic front, the Labor Department said the number of Americans filing first time unemployment benefits ticked up by 10,000 to a seasonally adjusted 372,000, while economists were expecting 360,000 claims.