Wall Street breaks run of gains as economic data disappoints
Updated : February 22, 2019 08:28 AM IST
The Commerce Department said new orders for key US-made capital goods unexpectedly fell in December, pointing to a further slowdown in business spending on equipment that could crimp economic growth.
Recent gains in the market have been driven by hopes of progress in US-China trade talks and dovish signals from the Federal Reserve.
The Dow Jones Industrial Average fell 103.81 points, or 0.4 percent, to 25,850.63, the S&P 500 lost 9.82 points, or 0.35 percent, to 2,774.88 and the Nasdaq Composite dropped 29.36 points, or 0.39 percent, to 7,459.71.
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