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Monday, June 24, 2013

Wall St. pares losses as Treasuries tick up



Wall St. pares losses as Treasuries tick up

A trader works on the floor at the New York Stock Exchange, June 24, 2013. REUTERS/Brendan McDermid
NEW YORK | Mon Jun 24, 2013 2:42pm EDT
(Reuters) - Stocks pared losses in afternoon trading on Monday after U.S. Treasuries prices rose in volatile trade, as investors continue to grapple with the prospect of less support to the economy from the Federal Reserve.
The Dow Jones industrial average .DJI fell 52.37 points or 0.35 percent, to 14,747.03, the S&P 500 .SPX lost 9.62 points or 0.6 percent, to 1,582.81 and the Nasdaq Composite .IXIC dropped 20.57 points or 0.61 percent, to 3,336.68.
The S&P 500 had earlier fallen more than 2 percent.
(Editing by Nick Zieminski)

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