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Wall St falls as dividend-paying stocks lag

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as high-yielding dividend stocks lost some of their luster after recent gains in U.S. Treasury bond yields.

The Dow Jones industrial average <.DJI> dropped 105.59 points, or 0.69 percent, to end unofficially at 15,302.80. The Standard & Poor's 500 Index <.SPX> lost 11.69 points, or 0.70 percent, to finish unofficially at 1,648.87. The Nasdaq Composite Index <.IXIC> fell 21.37 points, or 0.61 percent, to close unofficially at 3,467.52.

(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)

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First Published: May 30 2013 | 1:42 AM IST

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