Stocks Fall on Mixed Economic Data

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& #8226; National

A mixed economic picture sent stocks tumbling Tuesday, after investors were unnerved by weakness in home sales, consumer confidence and manufacturing. And an upward revision in the fourth-quarter gross domestic product raised worries about higher interest rates.


The Dow Jones Industrial Average plunged 104.14, or 0.9 percent, to 10,993.41. The Standard & Poor’s 500 Index fell 13.46, or 1 percent, to 1,280.66. The Nasdaq Composite Index lost 25.79, or 1.1 percent, to 2,281.39.


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& #8226; Local


Local movers were led by Cadiz Inc., which gained 11.3 percent to $18.37, UTI Worldwide Inc., which rose 1.4 percent to $104.63, and InterGroup Corp., which climbed 8 percent to $15.65. On the down side, Reliance Steel & Aluminum Co. fell 4.7 percent to $82.39, CB Richard Ellis Group Inc. lost 3.4 percent to $68.68 and Ryland Group Inc slipped 1.9 percent to $69.75.

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