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US stocks close lower amid recovery worries

NEW YORK : US stocks ended in negative territory Wednesday amid fresh signs from the Federal Reserve that the pace
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By Abdul Ahad
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NEW YORK: US stocks ended in negative territory Wednesday amid fresh signs from the Federal Reserve that the pace of economic recovery is slowing.

The Dow Jones Industrial Average fell 23.01 points (0.19 percent) to 12,047.80 in closing trade, its sixth straight session of losses.

The broader S&P 500 dropped 5.42 points (0.42 percent) to 1,279.52 and the tech-rich Nasdaq Composite shed 25.98 points (0.96 percent) at 2,675.58.

 

Copyright AFP (Agence France-Presse), 2011

 

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