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Markets & Stocks
Wall St. ruling rally ends
November 17, 2000: 11:05 a.m. ET

Gain after Florida judge's election ruling is short-lived, as Dow, Nasdaq trimmed
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NEW YORK (CNNfn) - U.S. stock markets slid at late morning Friday as investors pulled back from gains that followed a Florida judge's ruling favorable to the presidential campaign of Republican George W. Bush.

Leading indexes soared shortly after 10 a.m. ET, when a state judge ruled that Florida's secretary of state didn't have to include votes being manually recounted in two counties as part of the state's presidential tally. But news that the campaign of Democrat Al Gore would appeal the decision and a refocus on economic concerns sent stocks to the lower levels that they held just before the ruling.

Just after 11:20 a.m. ET, the Dow Jones industrial average slipped 28.06 to 10,627.97 after being up more than 100 points following announcement of the Florida ruling. The Nasdaq composite index dipped 38.86 to 2,993.02, below the crucial 3,000 mark. The index was up more than 59 points shortly after the judge's decision. Back to top

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