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US stocks fall on strong data, forecasts disappoint

By Staff
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NEW YORK, May 3 (Reuters) U.S. stocks fell on Wednesday after separate reports showed stronger-than-expected activity in the U.S.

factory and services sectors, fueling worries about rising interest rates.

Stocks were also hit by disappointing forecasts from consumer products maker Procter&Gamble Co. and software maker Adobe Inc..

The Dow Jones industrial average was down 19.37 points, or 0.17 percent, at 11,397.08. The Standard&Poor's 500 Index was down 4.51 points, or 0.34 percent, at 1,308.70. The Nasdaq Composite Index was down 5.50 points, or 0.24 percent, at 2,304.34.

REUTERS SBJ ND2004

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