U.S. shares drop on China's manufacturing data

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Source: Bloomberg
U.S. shares dropped, making it the first decline for the benchmark Standard & Poor's 500 Index in three days, as China's manufacturing data disappointed. The S&P 500 retreated 0.8% to 1,829.44 as of 10:06 a.m. New York time, while the Dow Jones Industrial Average fell 1% to 16,213.69, making it a third straight day of losses and that sent the index to the lowest level in a month.
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