Dow Jones Industrial Average 0.6% down on retail sales

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Source: Dukascopy Bank SA
Dow Jones Industrial Average traded lower on Wednesday as weaker retail sales data and predicted slowdown in CPI weighed on investor mood. Blue chip index fell 0.62% or 77.42 points and finished at 12,496.38. JPMorgan Chase added 1.6% after its CEO Jamie Dimon testified about lender's practices to lawmakers. Johnson & Johnson advanced 2.2% as firm claimed its acquisition of Synthes Inc., will contribute 3 cents to 5 cents per share to 2012 revenue as it got permission for the deal.  

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