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U.S. stocks fall after Amazon deal news; dollar weakens

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks fell on Friday after Amazon.com's announcement it would buy Whole Foods Market hit the shares of Wal-Mart and grocers, while disappointing U.S. economic data hurt the dollar and U.S. Treasury yields.The S&P 500 consumer staples index, down 1.6 percent, was the biggest drag on the benchmark S&P 500 stock index. Bucking broader declines on news of the deal, Amazon shares surged 3 percent while Whole Foods shot up 27.2 percent."The uncertainty over the impact of Amazon on the food industry is upsetting the market," said Bruce Bittles, ...

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First Published: Fri, June 16 2017. 21:55 IST
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