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Supermarket Stocks Slide in Uneasy Market

As investors digested more news of potential federal intervention in the credit crisis and the end of the investment banking era, supermarket stocks fell along with the broader markets Monday.

NEW YORK — As investors digested more news of potential federal intervention in the credit crisis and the end of the investment banking era, supermarket stocks fell along with the broader markets Monday. Arden Group, operator of California’s Gelson’s Markets chain (down 14.7%); Ruddick Corp., operator of Harris Teeter (down 9.5%); and Whole Foods Market (down 8%) suffered the largest drops among stocks SN follows, with Delhaize Group (up 3.2%) the only prominent gainer. The Standard & Poor’s 500 Index was down 3.8% Monday, and the Dow Jones Industrial Average fell 3.3%.

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