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Mass. Companies Continue To Take Pummeling

Publicly-traded Massachusetts firms were not immune to the battering that stocks took Thursday on Wall Street.

WBUR's Curt Nickisch reports.

Stocks closed at 12-year lows yesterday, as investors grew even more worried about the stability of the nation's banks and the auto industry. The Dow Jones Industrials ended trading just under 6,600 points.

An index of Massachusetts stocks fell slightly further — a little over 4.5 percent — amid the larger selloff. For every one Bay State company that went up in value, five lost value. And many of the losers came from industries with mounting job losses locally, such as the tech sector.

This program aired on March 6, 2009. The audio for this program is not available.

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