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2/1/14

US Economy: Wall Street drops, ends January lower - biggest drop since May 2012

U.S. stocks lost momentum Friday to wrap up the month on a weak note amid a slew of lackluster corporate earnings and continuing worries over emerging markets.

The Dow Jones Industrial Average slumped 149.76 points, or 0.94 percent, to 15,698.85. The S&P 500 slid 11.60 points, or 0.65 percent, to 1,782.59. The Nasdaq Composite Index fell 19.25 points, or 0.47 percent, to 4,103.88.

The major stock indices finished the month in negative territory for the first time since August 2013, with the Dow down 5.3 percent and the S&P 500 down 3.6 percent, both the biggest drop since May 2012, and the Nasdaq falling 1.7 percent, the largest since October 2012.

Read more: Wall Street drops, ends January lower - Xinhua | English.news.cn

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