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Stocks slip after Japan’s growth disappoints

August 12, 2013

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street after Japan’s economic growth came in weaker than analysts had expected.

The Dow Jones industrial average was down 25 points, or 0.2 percent, at 15,399 after the first few minutes of trading Monday.

The Standard & Poor’s 500 index was down three points, also 0.2 percent, at 1,688. The S&P is coming off its biggest weekly drop since June.

The Nasdaq composite was down a fraction of a point at 3,659.

BlackBerry jumped 6 percent to $10.31 after the struggling smartphone maker said it would consider a sale.

Overnight, Japan reported annualized economic growth of 2.6 percent, short of the 3 percent economists were expecting.