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>> NASDAQ Latest News

MAY 24, 2013 - TheStreet

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Stocks Decline for Week on Concerns Fed Will Curb Stimulus

NEW YORK (TheStreet) -- U.S. stocks posted their first weekly decline in five weeks on concern the Federal Reserve may wind down its stimulus program, while data showed weakness in China's manufacturing base, adding to doubts about the pace of the global economic recovery. The S&P 500 finished down 0.05% to 1,649.61, off 1.07% for the week and posting its first three-day losing streak of the year. The Dow Jones Industrial Average managed to squeeze into positive territory, settled up 0.06% to 15,303.10 and inching down 0.33% for the week. The Nasdaq closed down 0.01% to 3,459.14, off ... Read More

Tags: Stocks Decline for Week on Concerns Fed Will Curb Stimulus,  Nasdaq Latest News