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Stocks slide on Wall Street; Dow below 15,000

Wednesday - 6/12/2013, 4:20pm  ET

In this Monday, June 10, 2013 photo, specialist Anthony Rinaldi, right, and trader Gordon Charlop work on the floor of the New York Stock Exchange. Asian stocks fell Wednesday June 12, 2013 amid concern about a lack of new Japanese moves to calm bond markets and uncertainty about the outlook for U.S. monetary policy. (AP Photo/Richard Drew)

NEW YORK (AP) -- The stock market is ending lower for the third day in a row after an early morning rally faded away.

The Dow Jones industrial average ended with a loss of 126 points, or 0.8 percent, at 14,995 Wednesday. The Dow had its first three-day loss of the year and its second close below 15,000 in the past month.

The Dow was up as much as 119 points in the first few minutes of trading, then drifted lower throughout the day.

The Standard & Poor's 500 index fell 13 points, or 0.8 percent, to 1,612.

The Nasdaq composite fell 36 points, or 1.1 percent, to 3,400.

Four stocks fell for every one that rose on the New York Stock Exchange. Volume was lighter than average at 3.2 billion shares.

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