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Stocks open higher after three-week slump: Stock market news today

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Stocks are looking to bounce back from a brutal August for investors so far.

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DETROIT — Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there’s just one: The Mitsubishi Mirage. And even the Mirage appears headed for the scrap yard.

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China Stocks Extend Slump as Banks Hold Mortgage-Linked RateChinese stocks extended losses as mainland banks surprisingly kept a key interest rate that’s linked to mortgages on hold, in a move that sent mixed messages on the country’s commitment to support the embattled property sector.
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