U.S. stocks drop on hot PPI data
NEW YORK, Dec. 12 (Xinhua) -- U.S. stocks ended lower on Thursday, as a hotter-than-expected producer price index (PPI) report overshadowed earlier momentum in tech shares.
The Dow Jones Industrial Average fell 234.44 points, or 0.53 percent, to 43,914.12. The S&P 500 sank 32.94 points, or 0.54 percent, to 6,051.25. The Nasdaq Composite Index shed 132.05 points, or 0.66 percent, to 19,902.84.
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