By Kate Gibson,
MarketWatchNEW YORK (MarketWatch) -- U.S. stocks slumped on Wednesday, leading the market to its worst quarter since December 2008, as economic concerns continued to pile on.
A disappointing private-sector jobs report offset more upbeat manufacturing data ahead of Friday's monthly employment report.
"The economy is still in a tenuous state at best," said Bob Enck, president and CEO at Equinox Fund Management.
The Dow Jones Industrial Average fell 96.28 points, or 1%, to 9,774.02 on Wednesday.
The S&P 500 Index fell 10.53 points, or 1%, to 1,030.71, while the Nasdaq Composite Index fell 25.94 points, or 1.2%, to 2,109.24.
For June, the Dow industrials fell 3.6%, the S&P 500 fell 5.4% and the Nasdaq dropped 6.6%.
For the second quarter, the Dow lost 10%, marking its first drop after four straight quarters of growth. The S&P 500 and the Nasdaq fell 12% each during the quarter, with the two indexes posting their worst quarter since December 2008. ...........(more)
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