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Monday August 31, 08:30 PM
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Wall St drops further after data
NEW YORK (Reuters) - U.S. stocks turned lower on Monday despite data showing business activity in the U.S. Midwest picked up at a faster pace than expected in August.
Wall Street fell at the open as Chinese equities dropped sharply and commodities fell on concerns that asset prices had run ahead of the economic reality.
The Dow Jones industrial average dropped 97.12 points, or 1.02 percent, to 9,447.08. The Standard & Poor's 500 Index fell 13.52 points, or 1.31 percent, to 1,015.41. The Nasdaq Composite Index lost 29.73 points, or 1.47 percent, to 1,999.04.
(For more news on Reuters Money click http://in.reuters.com/money)
