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Stocks dip with budget deal in doubt at year’s end


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Trading volumes were lower than average today before the Christmas holiday Tuesday. The stock market will close at 1 p.m. Monday and will reopen Wednesday.

The yield on the 10-year Treasury note rose 1 basis point to 1.78 percent.

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Among other stocks making big moves:

—Herbalife Ltd., the nutritional supplements company, fell $1.21, or 4.4 percent, to $26.06. The stock has tumbled 43 percent this month after William Ackman, the founder and CEO of hedge fund Pershing Square Capital Management L.P., claimed that the nutritional supplements company is a pyramid scheme.

The company said Monday that it would hold an analyst and investor meeting Jan. 10 to discuss the company’s business in detail.

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AP Writer Steve Peoples contributed to this report from Boston.




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