June 21, 2012 | Business & Finance
Nasdaq Drops 1 Percent
TRADERS WORK ON THE FLOOR OF THE NEW YORK STOCK EXCHANGE, AS A NEWS CONFERENCE BY U.S. FEDERAL RESERVE CHAIRMAN BEN BERNANKE IS DISPLAYED ON A SCREEN, JUNE 20, 2012.
Stocks fell on Thursday, with the Nasdaq dropping 1 percent, after data showed a global slowdown could be becoming more entrenched, with more signs of weakness in the U.S. economy.
The Dow Jones industrial average .DJI fell 75.91 points, or 0.59 percent, to 12,748.48. The Standard & Poor's 500 Index .SPX dropped 11.51 points, or 0.85 percent, to 1,344.18. The Nasdaq Composite .IXIC lost 30.00 points, or 1.02 percent, to 2,900.45.
REUTERS