Wall Street falls on data, profit taking

2010-05-28 15:28:13 GMT2010-05-28 23:28:13 (Beijing Time) SINA.com

Stocks fell on Friday as data showed consumer spending was unexpectedly flat last month and growth in business activity in the Midwest slowed.

Investors jumped on the chance to book gains heading into a long holiday weekend and after Wall Street's rally in the previous session.

The Dow Jones industrial average (.DJI) lost 84.80 points, or 0.83 percent, to 10,174.19. The Standard & Poor's 500 Index (.SPX) dropped 10.40 points, or 0.94 percent, to 1,092.66. The Nasdaq Composite Index (.IXIC) fell 22.18 points, or 0.97 percent, to 2,255.50.

(Agencies)

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