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Early rally fades; stock market down for the week

Published 12/16/2011, AP Business Writer

The Dow Jones industrial average closed down 2.42 points Friday, less than 0.1 percent, at 11,866.93. It had been up as many as 99 points after the Italian government won a confidence vote on austerity measures. It turned mixed around midday as Fitch warned that it might downgrade the debt of Italy, Spain and four other countries that use the euro.

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