Wall St slips; ADRs drop

The Dow Jones industrial average slipped 25 points to 11,508. The Nasdaq shed 19 points to 2219.

Indian ADRs contiued their southbound movement for the second straigth day. Satyam and HDFC Bank shed over 2.5% each to $38.46 and $57.27, respectively. Wipro, VSNL and Dr.Reddy's slipped over 2% each to $12.60, $17.25 and $15.91, respectively. Infosys and Patni Computers dropped 1.5% each to $46.09 and $18.85, respectively.