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Continued: Stocks slump on Wall Street, giving the Dow average its first three-day loss this year

  • Article by: MATTHEW CRAFT , AP Business Writer
  • Last update: June 12, 2013 - 10:42 PM

Among other stocks making moves:

— First Solar slumped 11 percent, the biggest drop in the S&P 500, following news late Tuesday that the company plans to raise money through the sale of 8.5 million shares. That will dilute the market value of its shares. First Solar lost $4.68 to $47.54.

— Rambus, a designer of memory chips, rose 52 cents, or 6 percent, to $8.55 after saying late Tuesday it had resolved a decade-old patent dispute with South Korean chipmaker Hynix. Hynix will pay Rambus $240 million over the next five years.

— Ulta Salon Cosmetics & Fragrance jumped $12.51, or 15 percent, to $96.84. The company reported late Tuesday that its income increased 20 percent in the latest quarter.

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