Wall Street drops on earnings, debt, data
Wall Street suffered its worst day in eight weeks on Wednesday, hit by weak earnings, lackluster economic data and no movement in Washington as the deadline for a default looms.
The Dow Jones industrial average <.DJI> dropped 197.76 points, or 1.58 percent, to 12,303.54. The Standard & Poor's 500 Index <.SPX> lost 26.95 points, or 2.02 percent, to 1,304.99. The Nasdaq Composite Index <.IXIC> fell 75.17 points, or 2.65 percent, to 2,764.79.
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)
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