Home > Business/Markets > Nasdaq falls 1 percent

Nasdaq falls 1 percent


NEW YORK |
Wed Sep 22, 2010 11:40am EDT

NEW YORK (Reuters) – Wall Street fell on Wednesday, with the Nasdaq down 1 percent, as concerns about the economy resurfaced after a Fed statement and a weak outlook from Adobe Systems Inc (ADBE.O) weighed on technology stocks.

The Dow Jones industrial average .DJI dropped 38.90 points, or 0.36 percent, to 10,722.13. The Standard & Poor’s 500 Index .SPX dropped 6.61 points, or 0.58 percent, to 1,133.17. The Nasdaq Composite Index .IXIC dropped 21.04 points, or 0.90 percent, to 2,328.31.

(Reporting by Edward Krudy; editing by Jeffrey Benkoe)

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