Wall Street drops on data, earnings; Facebook up late
By Ryan Vlastelica NEW YORK (Reuters) – Stocks fell sharply on Wednesday as the latest economic data continued a trend of indicators pointing to anemic growth while bellwether companies disappointed on revenue. Equities briefly pared their losses after the Federal Reserve said it would continue its policies of stimulating the economy, though the decision was expected, and shares subsequently slid back to their lows of the day. About 70 percent of stocks traded on the New York Stock Exchange closed lower while three-fourths of Nasdaq-listed shares ended in negative territory. . . .
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