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January 15, 2013

Stocks edge lower; Apple extends decline

(Continued)

NEW YORK —

Optimism about the outlook for global growth has also boosted stocks.

The S&P 500 is up 2.7 percent this year and closed at a five -year high of 1,472 last week. The 30-member Dow is up 2.6 percent since the start of 2013.

The yield on the 10-year Treasury price, which moves inversely to its price, fell 3 basis points to 1.81 percent.

Among other stocks making big moves;

— Lululemon Athletica, a maker of yoga apparel, dropped $5.39 to $66.88 after its revenue forecasts fell short of revenue analysts' estimates.

— Given Imaging Ltd. fell $2.17 to $16.03 after the medical equipment company said it was no longer considering a possible sale of the company and added that one of its largest shareholders plans to sell its stake.

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