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Worries about Europe slow stocks

Feb. 15, 2013 @ 12:00 AM

NEW YORK -- Renewed worries about Europe overshadowed an encouraging U.S. jobs report on Thursday, leaving major stock indexes roughly where they started.

Germany's economy shrank more than expected late last year, and the slowdown in Europe's largest economy deepened an ongoing recession. That's a troubling sign for the U.S., because sales to Europe have been a boon for American companies.

The Dow Jones industrial average fell 9.52 points to close at 13,973.39.

After a strong start, the stock market has drifted sideways over the previous week with few major events to sway investors. That calm could disappear soon, said Doug Cote, chief market strategist at ING U.S. Investment Management.

The Standard & Poor's 500 index edged up 1.05 to 1,521.38. The Nasdaq composite index rose 1.78 to 3,198.66.

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