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Market Update : 
Nasdaq Up 0.8%, Brazil Up 1.7%
Author: 123jump.com Staff
123jump.com
Last Update: 3:55 PM EDT May 25 2007

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Tech stocks led the charge and supported a mild rise in U.S. averages. European markets closed slightly lower and Asian markets closed mixed. Coca Cola agreed to pay $4.1 billion for a bottled water company. Existing home sales dropped 2.6% in April, slowest pace in four years but median home prices rose from a year ago. Nasdaq agreed to pay $3.7 billion for Swedish stock market operator OMX.

 
In the overnight trading in Asia most markets closed lower reflecting lower closing in New York. Japan and Singapore lost more than 1%, however, India closed up 0.85%.

At mid-day trading European markets are nearly unchanged with a slight negative bias.
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