The markets closed lower as weak economic data kept buyers on the sidelines. The Dow lost 109 points to close at 12,422 while Nasdaq finished the session at 2324, down 16 points.
On the upside
In the broad market, declining issues outpaced advancers by
a margin of more than 4 to 3 on the NYSE and by 4 to 3 on Nasdaq. The
Russell 2000 which tracks small cap stocks closed at 702, down 3 points.