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S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

NEW YORK The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.

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DIARY-Top Economic Events to August 1

----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- SUNDAY, MAY 27

EMERGING MARKETS-Brazilian stocks sink amid crippling truckers' strike

Brazil's main stock market fell to a five-month low and its real currency weakened on Friday as the fifth day of a truckers' protest over fuel prices hobbled a wide range of industries from aviation to agribusiness. The key auto sector ground to a halt, as did Santos, Latin America's largest port, while grocers' aisles went understocked and long lines formed outside gas stations. In the afternoon, the fede

UPDATE 1-Bearish U.S. dollar bets at lowest since early January

Speculators' net short dollar bets fell in the last week to the lowest since early January, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was

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