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US stock market finishes slightly lower as uncertainty about economy lingers
The U.S. stock market is closing slightly lower after a survey on hiring did little to ease uncertainty about the health of the economy.
The Dow Jones industrial average slipped 5.01 points, or 0.03 per cent, to close at 15,440.23 Wednesday. The Standard & Poor’s 500 index was down 3.56 points, or 0.2 per cent, to 1,751.64. The Nasdaq slipped 19.97 points, or 0.5 per cent, to 4,011.55.
A private survey showed that U.S. businesses added jobs at a steady but modest pace in January, a sign that hiring has rebounded after a disappointing December. Investors are also looking to a key government report on job growth on Friday.
Freight transportation company C.H. Robinson Worldwide fell the most among companies in the S&P 500 index. It dropped $5.48, or 9 per cent to $53.16.
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