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Stocks slip, ending seven months of gains in S&P

Published: Friday, June 28, 2013 3:23 p.m. CDT
Caption
(AP photo)
In this Tuesday, May 28, 2013, file photo, specialist Jason Hardzewicz, left, works at his post on the floor of the New York Stock Exchange. World stock markets were boosted Friday June 28, 2013 by encouraging indicators from Japan and further proof that the U.S. economy is on the upswing.

NEW YORK – Stocks are ending mostly lower on Wall Street as the market closes out a turbulent month.

The Dow Jones industrial average fell 114 points, or 0.8 percent, to close at 14,909 Friday.

The Standard & Poor's 500 fell six points, or 0.4 percent, to 1,606. The Nasdaq composite edged up a point to 3,403.

The S&P 500 had its first monthly loss since October. It still had its best first half of a year since 1998.

BlackBerry maker Research In Motion plunged 28 percent after posting a loss despite releasing make-or-break smartphones this year.

The yield on the 10-year Treasury note rose to 2.49 percent from 2.47 percent.

Rising and falling stocks were evenly matched on the New York Stock Exchange. Volume was heavier than usual at 4.4 billion shares.

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