Wall St slips; ADRs drop

The US stocks ended lower following hints of Fed rate hike adding to worries about weak housing market. The Dow Jones industrial average shed 89 points to 12,485. The Nasdaq slipped 18 points to 2459.

Indian ADRs ended on a weak note. Satyam, Wipro and Dr.Reddy's dropped 2% each to $22.80, $15.93 and $16.29, respectively. Patni Computers was down 1.6% at $23.44.