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Nasdaq Falls Fifth Straight Day
1It sank 2%, slicing through its 200-day for the first time in a year. Volume closed lower. But the Nasdaq fell 6.3% for the week, the worst since April '02, amid fears about Iraq, China's growth and Fed rate hikes. The Dow fell 0.4%, 2% for the week. The S&P 500 shed 0.6%, 2.3% for the week. The small-cap S&P 600 slid 0.5%, 3.7% for the week. More on this page, B2
Iraqis Replace Marines In Town
2Troops led by a Saddam-era general, a Fallujah native, replaced Marines in the rebel Sunni stronghold, ending a month-long siege by U.S. troops. But a suicide bomb on the city's outskirts killed two Americans and wounded 6. Elsewhere, talks continued in Najaf. Tribal leaders and police agreed to a 3-day truce with militia loyal to outlaw Shiite cleric Muqtada al-Sadr.
Iraq Detainee Photos Spur Probe
3Photos of U.S. soldiers abusing Iraqi prisoners, shown on CBS' "60 Minutes II" Wednesday and re-aired worldwide, angered Arabs. The U.S. military will criminally charge 6 soldiers for mistreating 20 detainees. President Bush said he "shared a deep disgust" over the photos. Also, John Kerry said the U.S. faces a "moment of truth" a year after Bush declared an end to major combat.
Chicago Manufacturing Heats Up