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Jul 12, 2012, 08.23 AM IST
In the US markets, stocks came off their worst levels but still closed in negative territory as investors remained jittery ahead of the earnings season and amid renewed global growth concerns.
Dow Jones Industrial Average was down 0.28% or 36.18 points at 12736.29. Nasdaq Composite was down 0.19% or 5.56 points at 2931.77. Standard & Poor's 500 was down 0.16% or 2.22 points at 1352.46.
In economic data, US consumer credit grew by over 17 billion dollars in May, its biggest expansion in five months. This is also way higher than estimates of an expansion of 8.5 billion dollars.
In key data to watch out for in US, the NFIB small business optimism index will be released later today. Consensus estimates for June are lower at 92 compared to the 94.4 reading in May. The report is expected to indicate muted prospects of a pick-up in the economy.
In the currency space, the euro rebounded against the dollar, rising from a two-year low. The dollar index meanwhile held firm above the 83 mark.
In the commodity space, Brent futures slipped lower after hitting the USD 100 mark on output concerns in Norway. It's right now holding above the USD 98 levels.
In the precious metal space, gold remains unchanged in Asia trade after some gains on bargain hunting earlier in the session.
Tags: US markets, Wall Street, Dow Jones Industrial Average, Nasdaq Composite, Standard & Poor's 500
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