Around the World's Markets: New York

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The Independent Online
STOCKS TRADED lower in late morning trading yesterday amid lingering worries over Argentina's debt and budget woes.

The Dow Jones industrial average was down 68 points at 11,132, a day after setting another record. "Because markets are setting new highs people are using any excuse for profit-taking and Argentina is the excuse du jour," said James Volk, director of institutional trading at DA Davidson & Co. Analysts said hopes of positive earnings were helping to stem jitters over Argentina.

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