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Wall Street closes lower on risk aversion

The US stocks market has closed with losses on Thursday as investors was concerned following the recent US data in jobless claims and Manufacturing data. Philly Fed Manufacturing index was the worst news as February figures posted an unexpected decline to -12.5 from -5.8 in January. Wall Street had its worst 2-day drop of 2013.

The Dow Jones declined 46.92 points or 0.34% to 13,880.62. The S&P 500 eased 9.53 points or 0.63% to 1,502.42. And the Nasdaq Composite finished 32.92 points or 1.04% lower to 3,131.49.

Session Recap: US data scares risk; Euro & Canadian hurt

Bad Jobless and Philly Fed Manufacturing data hurt risk appetite on Thursday with the Greenback rising on its safe haven status and the Euro, Canadian Dollar and US equities weakening.
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RBA Governor Stevens testifies before the House of Representatives Standing Committee on Economics, the event is scheduled at 22.30GMT, the NAB strategists note.
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