Dow Off 107 on Weak Data

More poor manufacturing news saps stocks
By Nick McMaster,  Newser Staff
Posted Jun 16, 2009 3:27 PM CDT
Dow Off 107 on Weak Data
Traders work on the floor of the New York Stock Exchange.   (AP Photo)

(Newser) – Stocks fell further today as markets absorbed more poor economic data, the Wall Street Journal reports. National industrial production fell 1.1% in May, the Federal Reserve announced. The Dow Jones producer-price index rose only 0.2% in May, short of the expected 0.6% increase. The Dow lost 107.46 to close at 8,505.67. The Nasdaq fell 20.20, closing at 1,796.18, and the S&P dropped 11.75 to settle at 911.97. (Read more Dow Jones stories.)

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