NEW YORK (AP) -- Stocks are closing broadly lower following weak reports on the U.S. economy. The Dow Jones industrial average fell 111 points, its worst drop in more than a month.
The Dow ended at 14,550 Wednesday, a decline of 0.8 percent.
Other indexes fell more. The Standard & Poor's 500 fell 1 percent, or 16 points, to close at 1,553. The Dow and S&P closed at record highs the day before.
The Nasdaq lost 1.1 percent, or 36 points, to 3,218.
Small company stocks had the worst declines. The Russell 2000 fell 1.7 percent, or 15 points, to 918.
Hiring and service industry growth weakened last month.
Three stocks fell for every one that rose on the New York Stock Exchange. Volume was heavier than usual, 4 billion shares.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.