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The Chicago Tribune Bill Barnhart Market Report column.
Byline: Bill Barnhart, Chicago Tribune
Dec. 21--Whatever happened to window dressing?
The practice of investment managers loading up on hot stocks as the year ends to goose performance statistics seems to have gone south.
Despite a tame report on wholesale price inflation and an upbeat report on new-home construction, stocks couldn't hold a midday rally Tuesday.
The Dow Jones industrial average fell 30.98 points, to 10,805.55. Among the 30 Dow industrials, losses by General Motors and Altria Group offset gains by Boeing and American Express.
The broader Standard & Poor's 500 index slipped 0.30, to 1259.62. The Nasdaq composite index lost 0.32, to 2222.42.
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Source: HighBeam Research, The Chicago Tribune Bill Barnhart Market Report column.