Wall St. down on weak data, earnings; Fed on tap
By Angela Moon NEW YORK (Reuters) – Stocks fell on Wednesday, weighed by a slew of economic data that suggested weaker-than-expected growth. Disappointing results from companies including MasterCard and Merck were also weighing on the market. Merck was the biggest decliner on the blue chip Dow index. Private employers added 119,000 jobs in April, well below economists’ expectations, in the latest piece of data to suggest the economy is encountering a soft patch. Adding to signs the economy cooled as the second quarter got under way, a separate report showed the pace of U. S. . . .
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