US STOCKS SNAPSHOT-Wall St holds losses after data

NEW YORK, Feb 12 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) held onto early
losses on Friday as U.S. consumer sentiment slipped in early
February and government data showed business inventories fell
unexpectedly.

The Dow Jones industrial average (.DJI: ) dropped 135.96
points, or 1.34 percent, to 10,008.23. The Standard & Poor’s
500 Index (.SPX: ) fell 13.41 points, or 1.24 percent, to
1,065.06. The Nasdaq Composite Index (.IXIC: ) lost 19.69 points,
or 0.90 percent, to 2,157.72.

U.S. Commerce Department seasonally adjusted data on U.S.
business inventories and sales posted a 0.2 percent drop, with
a Reuters poll showing expectations of a 0.2 percent rise.

The Reuters/University of Michigan Surveys of Consumers
said its preliminary index of sentiment for February was 73.7,
down from 74.4 in late January but up from 56.3 a year ago.

Wall Street fell at the open after China surprised global
markets by increasing banks’ reserve requirements, raising
worries about the impact of a monetary tightening on global
growth and driving investors away from risky assets.

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(Reporting by Rodrigo Campos; Editing by Padraic Cassidy)

US STOCKS SNAPSHOT-Wall St holds losses after data