Wall Street falls on economic growth concerns

07:58, July 01, 2010      

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Wall Street fell on Wednesday as mixed data stirred investors' concerns on economic growth outlook.

U.S. stocks opened lower as ADP Employer Services said that U.S. companies widened payrolls by 13,000 in June, far less than the expectations of 60,000.

The Institute for Supply Management said its Chicago purchasing managers index fell to 59.1 in June from 59.7 in May, slightly better than economists had forecast.

The Dow Jones industrial average was down 96.28, or 0.98 percent, to 9,774.02. The Standard & Poor's 500 index lost 10.53, or 1.01 percent, to 1,030.71 and the Nasdaq was down 25.94, or 1. 21 percent, to 2,109.24.

Source: Xinhua


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