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US Stocks Fall


Traders Richard Newman, left, and David O'Day work on the floor of the New York Stock Exchange, June 14, 2011 (file photo)

Traders Richard Newman, left, and David O'Day work on the floor of the New York Stock Exchange, June 14, 2011 (file photo)

U.S. stock market indexes declined in Wednesday's midday trading.

The Dow Jones Industrial Average and the NASDAQ lost 1.5 percent while the S&P 500 fell 1.7 percent.

European stock prices were sharply lower at the close of trading. London's Financial Times index lost one percent to end at 5,743. The CAC-40 in Paris slipped 1.5 percent to finish at 3,807 and the DAX index in Frankfurt fell 1.3 percent to hit 7,115.

Earlier Wednesday in Asia, Tokyo's Nikkei index gained three-tenths of a percent to finish at 9,574. Hong Kong's Hang Seng index lost seven-tenths of a percent to finish the day's trading at 22,344.

The price of gold rose nearly $3 to trade at $1,521.20 an ounce.

The dollar rose against the yen and the euro.

Some information for this report was provided by AP, AFP and Reuters.

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