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MarketWatch for Thursday, September 26, 2013

If you're keeping on top of the stock markets this morning, Thursday, September 26, 2013...
If you're keeping on top of the stock markets this morning, Thursday, September 26, 2013...

The Nikkei is up 178.59 to 14,799.12.
The Dow is down 61.33 to 15,273.26.
The Nasdaq is down 7.16 to 3,761.10.

Investors hope the stock market will turn around a five-day losing streak today. Markets around the world have dipped amid fears about the looming budget battle in Washington. Congress needs to reach a deal by Tuesday to keep the federal government operating. Such political showdowns typically weaken stocks, and this one is no exception.

J.P. Morgan is in negotiations to settle claims over its handling of mortgage-backed securities prior to the recession, for $11 billion. The Department of Justice has been investigating J.P. Morgan over the securities which lost value after the housing market plunged, leading to the financial crisis.

Next week marks five years since the government's bailout of the financial industry. According to a CBS News-New York Times poll, a majority of Americans still disapprove of government money being used to rescue banks and financial firms. And Americans overwhelmingly believe more bankers should have been prosecuted after the financial collapse.

And here's quite a treasure hitting the auction block in November: a very rare pink diamond that's almost 60 carats. The "pink star" was mined somewhere in Africa in 1999. It's the most valuable diamond ever offered at auction, possibly selling for more than $60 million.
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