Thu, October 28, 2010
Business > Markets

Wall St loses ground, industrials weigh

2010-10-28 14:48:50 GMT2010-10-28 22:48:50 (Beijing Time)  SINA.com

NEW YORK – Stocks reversed gains on Thursday, as caution about the extent of expected Federal Reserve monetary easing offset the lift from a lower dollar and improved jobless data.

The industrials sector led the way down as 3M Co (MMM.N) fell more than 4 percent after it shaved 6 cents off its full-year profit forecast.

The Dow Jones industrial average (.DJI) was off 21.87 points, or 0.20 percent, to 11,104.41. The Standard & Poor's 500 Index (.SPX) slipped 1.78 points, or 0.15 percent, to 1,180.67. The Nasdaq Composite Index (.IXIC) lost 8.23 points, or 0.33 percent, to 2,495.03.

(Agencies)

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