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Last updated: April 17. 2013 4:34PM - 204 Views
Associated Press



In this Tuesday, April 16, 2013, photo, specialist Paul Cosentino, left center, works at his post on the floor of the New York Stock Exchange. World stock markets were mixed Wednesday, April 17, 2013 with Asian stocks boosted by positive U.S. data while European shares fell over worries about Germany in the wake of a downbeat investor survey. (AP Photo/Richard Drew)
In this Tuesday, April 16, 2013, photo, specialist Paul Cosentino, left center, works at his post on the floor of the New York Stock Exchange. World stock markets were mixed Wednesday, April 17, 2013 with Asian stocks boosted by positive U.S. data while European shares fell over worries about Germany in the wake of a downbeat investor survey. (AP Photo/Richard Drew)
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(AP) Investors are turning cautious on Wall Street just one week after the stock market hit an all-time high.


Stocks fell amid new signs of weakness in Europe's economy. Poor earnings news from Bank of America and an apparent drop in demand for Apple's iPod and iPhone contributed to the selling.


Banking, tech and energy stocks led the way lower.


The Dow Jones industrial average lost 138 points to 14,618 Wednesday, or 0.9 percent.


The Standard & Poor's 500 fell 22 points, or 1.4 percent, to 1,552.


The Nasdaq composite fell 60 points, or 1.8 percent, to 3,204. Apple, the biggest component in the index, slumped nearly 6 percent.


Three stocks fell for every one that rose on the New York Stock Exchange. Volume was high, 4.2 billion shares.


Associated Press
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