U.S. Stocks Close Lower After Weak Economic Data

U.S. stocks closed lower on Wednesday as weaker-than-expected readings on private-sector employment and manufacturing weighed on sentiment. The S&P 500 closed 8.20 points, or 0.4%, lower at 2,059.69. The Dow Jones Industrial Average shed 77.94 points, or 0.4% to 17,698.18. The Nasdaq Composite ended the session down 20.66 points, or 0.4%, to 4,880.23.

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