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Feb 2003 Issue of Wine Business Monthly
During December, the market's recent, tentative, recovery stalled out as uncertain consumers disappointed the nation's retailers with lackluster holiday shopping. The Dow lost 6.23 percent of value by month's end. Likewise, the Nasdaq fell 9.69 percent over November's closing valuation. Meanwhile, the S&P 500 lost a comparable 6.03 percent during December. The contrarian drinks sector continued its slow decline with the Wine Business Index (WBX) finishing December down 2.68% from November's ...
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