25 June 2001, 09:23 US stocks end lower on Merck warning, Mideast tensions
New York, June 22 (BridgeNews) - The Dow industrials declined, led
down by a 9% drop in Merck (MRK) shares after the drug giant cut
second-quarter and 2001 earnings estimates. Heightened tensions in the
Middle East also weighed on the market in late trade, sending the Nasdaq
down 1%. The Dow was down 110 points, or 1.03%, to 10,304 and the Nasdaq
closed down 23 points, or 1.15%, to 2034. The S&P 500 fell 11 points, or
0.94%, to 1237.
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