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In government bond trading, the yield on the 10-year Treasury note fell to 2.62 percent from 2.65 percent. The yield has fallen close to its lowest in two months as investors bought Treasuries on concern that U.S. economic growth will slow as the budget impasse drags on. In commodities trading, the price of oil dropped $1.46, or 1.4 percent, to $102.36 a barrel as crude production in the Gulf of Mexico got back on track after a storm system passed through. The price of gold rose $8.60, or 0.7 percent, to $1,318.60 an ounce. Among stocks making big moves: Apple rose $7.77, or 1.6 percent, to $490 after a Jefferies analyst raised his rating and price target on the stock, saying improving margins should help the business until the launch of the iPhone 6. Alcoa fell 11 cents, or 1.4 percent, to $7.85 after a Stifel Nicolaus analyst lowered his price target for aluminum producer, citing a recent drop in aluminum prices. The company reports earnings on Tuesday.
[Associated
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