National News

Jun 12, 2013 4:20 PM by Associated Press

Stocks slide on Wall Street; Dow below 15,000

NEW YORK (AP) - The stock market is ending lower for the third day in a row after an early morning rally faded away.

The Dow Jones industrial average ended with a loss of 126 points, or 0.8 percent, at 14,995 Wednesday. The Dow had its first three-day loss of the year and its second close below 15,000 in the past month.

The Dow was up as much as 119 points in the first few minutes of trading, then drifted lower throughout the day.

The Standard & Poor's 500 index fell 13 points, or 0.8 percent, to 1,612.

The Nasdaq composite fell 36 points, or 1.1 percent, to 3,400.

Four stocks fell for every one that rose on the New York Stock Exchange. Volume was lighter than average at 3.2 billion shares.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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