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Stocks open lower; HP takes a big hit

November 20, 2012

NEW YORK -- Stocks were flat early Tuesday on Wall Street. Hewlett-Packard stock suffered a big decline after its executives said that a company HP bought for $10 billion last year lied about its finances. The Dow Jones industrial average was down 11 points to 12,784 an hour into trading. Other major indexes were higher. HP, one of the 30 stocks that make up the Dow, declined $1.54, or 11 percent, to $11.76.

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