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Blackstone jumps as market drops Add to ...

Stock prices are skidding at the open Friday as bond yields inch up and lingering credit worries are dragging down financial stocks. The blue-chip Dow average fell more than 50 points in the first few minutes, with the TSX composite down by a like amount. Both have recovered slightly. Blackstone Group LP opened at $45 (U.S.) after pricing its big IPO at $31. But it has traded down to $40. Leading the TSX lower are commodity stocks and the financial group.

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