With eight overs remaining before the close, England lost Strauss to a mindless lofted pull and though Cook played soundly and night-watchman Anderson somehow held out, they will be playing only for pride in the remainder of this match.

BBC: Maiden Kumble ton crushes England

They planned to stay close to the coast in case they needed to pull in, though there were a few short crossings where they would be unprotected.

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Mr. Veru doesn't expect the Fed to pull back soon, though, and remains bullish on stocks.

WSJ: Stocks Give Up Early Gains