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José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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U.S. stocks drop; S&P 500 has worst week of year


SAN FRANCISCO (MarketWatch)
U.S. stocks closed sharply lower Friday, sending the S&P 500 and Nasdaq Composite to their worst weeks of the year, after lighter-than-forecast jobs growth and unease over the outcome of upcoming French and Greek elections prompted a broad selloff
The Dow Jones Industrial Average lost 168.32 points, or 1.3%, to 13,038.27 and sank 1.4% for the week
The S&P 500 lost 22.47 points, or 1.6%, to 1,369.10, led by tech and energy stocks
Only utilities were higher
For the week, the index lost 2.4%
The Nasdaq Composite fell 67.96 points, or 2.3%, to 2,956.34, its worst day of the year
It lost 3.7% for the week
Heavyweight Apple Inc. fell 6.3% for the week

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