Friday 14th January 2011
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The New Zealand sharemarket slipped in early trade after rising to a 28-month high yesterday.
Around 10.15am the benchmark NZX-50 index was down 1.45 points to 3372.26, having yesterday ended up 39.1 points.
Investment company Hellaby Holdings (NZX: HBY ) edged up 1c to $2.21 in early trade today, having reached a three-year high of $2.25 during trading yesterday.
In the US, stocks were hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
On preliminary figures, the Dow Jones industrial average was down 0.2% at 11,731.90, the Standard & Poor's 500 Index was down 0.2% at 1283.76, and the Nasdaq Composite Index was down 0.1% at 2735.29.
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