Wall St dips as data weighs
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Last Updated: Fri, Apr 03, 2009 20:45 hrs
New York: US stocks declined further and the Dow industrials briefly fell more than 1 per cent on Friday as investors took profits following data that showed further deterioration in the labour market and a tighter contraction in the services sector.
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Unemployment rate rose in March to highest since 1983.
Research in Motion's US shares rise 19.7 per cent.
The Dow Jones industrial average fell 59.41 points, or 0.74 per cent, to 7,918.67. The Standard & Poor's 500 Index dropped 5.31 points, or 0.64 per cent, to 829.07. The Nasdaq Composite Index shed 5.90 points, or 0.37 per cent, to 1,596.73.
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