Thursday, August 12, 2010

Stocks fell sharply on Wednesday after weaker manufacturing data from China

Stocks fell sharply on Wednesday after weaker manufacturing data from China and a gloomier growth outlook from the Federal Reserve heightened fears of a lackluster global economic recovery.

All S&P sector indexes were lower, with commodities and energy leading the way down as data in China pointed to lower consumption of raw materials and the International Energy Agency warned of risks to fuel demand if the global economy weakens.
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Index Value:10,378.83
Trade Time:4:03PM EDT
Change:Down 265.42 (2.49%)
Prev Close:10,644.25
Open:10,631.82
Day's Range:10,367.33 - 10,631.90
52wk Range:9,078.28 - 11,309.00