September 30, 2009 / 2:05 PM / 10 years ago

US STOCKS SNAPSHOT-Wall St dives after Chicago PMI data

 NEW YORK, Sept 30 (Reuters) - U.S. stocks turned negative
on Wednesday, and major indexes fell more than 1 percent after
a regional gauge of business activity unexpectedly contracted
in September.
 The Institute for Supply Management-Chicago business
barometer fell to 46.1 in September from 50.0 in August.
 Economists had forecast the index at 52.0. A reading above
50 indicates expansion in the regional economy.
 The Dow Jones industrial average .DJI dropped 128.02
points, or 1.31 percent, to 9,614.18. The Standard & Poor's 500
Index .SPX fell 13.94 points, or 1.31 percent, to 1,046.67.
The Nasdaq Composite Index .IXIC slid 30.83 points, or 1.45
percent, to 2,093.21.
 (Editing by Padraic Cassidy)

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