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For the first time since 1885, the NYSE and Nasdaq stock exchange will close for two business days, as Hurricane Sandy approaches the East Coast.
Brazilian stocks gained the most in almost a month after investors bought shares of retailers, steelmakers and transportation companies that will benefit from the 2016 Olympics.
Formerly called the Federal National Mortgage Association or FNMA, Fannie Mae was established in 1938. Its initial goal was to stimulate the housing industry following the Great Depression.