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Profit-taking knocks U.S. stocks; Fed hurts dollar
U.S. stocks moved lower on Thursday as traders cashed in on red-hot bank and technology shares, while the Federal Reserve's commitment to easy money to help the U.S. economic rebound spurred selling in the dollar. The statement by the Fed, which on Wednesday announced it would likely keep interest rates near zero until at least late 2014 - some 18 months later than the Fed had suggested last year
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