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Daily Wrap: September 26, 2012

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September 26, 2012 AT 9:12 PM
The markets made a bit of a recovery from the lows of the day but remained in negative territory amid lackluster economic data and ongoing concerns over the euro zone. The Commerce Department said that new home sales edged down 0.3 percent to a seasonally adjusted 373,000-unit annual rate, falling short of economists' expectations.