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NEW YORK (TheStreet) -- Stocks were weaker Wednesday afternoon as nagging worries about the political disarray in Greece continued to weigh on sentiment.
Minutes of the Federal Reserve's monthly policy meeting also flagged fiscal concerns in the U.S., as the central bank warned of sharp fiscal tightening in 2013 unless Congress reaches an agreement on the federal budget.
Sharper-than-expected increases in housing and industrial production data had inspired buyers earlier in the session but the market appears to be losing steam, similar to the pattern on Tuesday when stocks saw a steady decline in the final hour of trading.
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