Economic reports weigh on Wall Street - Phoenix Business Journal:

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The Dow dropped 66 points closingat 8,676. The Nasdaq Composited lost 11 points to finisjhat 1,826, and the S&P 500 closed 13 point s lower than June 2, at 932. Separatde reports on the and factor orders came in below WallStreet forecasts. That sent stocksa lower at the opening and although Wall Street pared losses late in the the major indexes still finishecd innegative territory. Federal Reserve Chairman Ben Bernanke warned lawmakers Wednesdah that an economic recovery will take more time than some recenttreports suggest.
That sentiment also weighed on the The S&P 500 and Nasdaq had reached theie highest levels of the year The Dow has yet to break into positivw territory for 2009. It got withib 35 points on Tuesday. Among Arizona publicf companies, was a winner for the day. Its stocl closed up more than 3 percen tat $4.72 a share. The move higherf came after two lawsuits againsy the companywere dismissed. for the full story.