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U.S. market declines today, Why? (Explained)

Summary:

  • The Dow Jones industrial average fell less than 0.1%. The S&P 500 lost 0.3% and the Nasdaq declined 0.1%. All three indexes were down nearly 1% earlier in the session.
  • Report that showed manufacturing activity in China slowed in May for the first time in seven months, raising concerns about growth in the world’s second biggest economy.
  • The central bank could begin reducing its monthly purchases of government bonds as early as next month
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May 23, 2013

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