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The California 300, an index of the stocks of the 300 largest publicly held companies in California, declined twice as much as the overall stock market in 1990. The California 300 dropped 9.3 percent for the year through Dec. 14 compared to minus 4.2 percent total return for the S&P 500. Financial stocks tumbled 16 percent in the Index, while technology issues, surprisingly, rose 4 percent as a group.
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