Dow Off 107 on Weak Data

More poor manufacturing news saps stocks
By Nick McMaster,  Newser Staff
Posted Jun 16, 2009 3:27 PM CDT
Dow Off 107 on Weak Data
Traders work on the floor of the New York Stock Exchange.   (AP Photo)

Stocks fell further today as markets absorbed more poor economic data, the Wall Street Journal reports. National industrial production fell 1.1% in May, the Federal Reserve announced. The Dow Jones producer-price index rose only 0.2% in May, short of the expected 0.6% increase. The Dow lost 107.46 to close at 8,505.67. The Nasdaq fell 20.20, closing at 1,796.18, and the S&P dropped 11.75 to settle at 911.97. (More Dow Jones stories.)

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