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Tuesday, May 12, 2009

US markets end lower


US stocks fell on Monday as investors locked in gains from a hefty multi-week rally and braced for new economic data.

The Dow Jones Industrial average declined 155.88 points, or 1.82%, to settle at 8,418.7.

The Standard & Poor`s 500 index dropped 19.99 points, or 2.15%, to end at 909.24.

The NASDAQ Composite index decreased 7.76 points, or 0.45%, to close at 1,731.24.

Majority of Indian ADRs ended on a negative note barring Patni Computer Systems.