BUSINESS INFORMATION - Wall Street stocks ended lower for the second consecutive day on Wednesday

But the key stock index ends remote from their daily low, especially the Dow which lost more than 100 points at one stage.

Although the deficit to end the day, the Dow ended September with a 2.3 percent increase, and closed the quarter rose an impressive 15 percent, the best quarter since 1998.

On Wednesday, the market is affected by government reports that the economy shrank at rate of 0.7 percent was revised - better than the previous 1.0 percent decline - in the second quarter.

The new figure is more powerful than the 1.2 percent decline expected by most analysts and penuurunan strengthened from 6.4 percent in the first quarter.

The market is more focused on the estimated amount of payroll decline in the private sector and push the data on Midwest manufacturing activity.

"Revision of GDP should be encouraging to traders and gives them reason to believe that economic growth in the second half to almost solid. But the idea that recovery can be sustained unemployment began to fade," said Douglas McIntyre of 24 / 7 Wall St..

"Unemployment will almost certainly rise above 10 percent before the end of the year and stay above 9.5 percent in 2010 most of the year," he said.

ADP payrolls company said Wednesday that U.S. private sector cut 254,000 jobs in September, higher than 200,000 are expected by most analysts.

ADP report comes on Friday ahead of the monthly reports the U.S. labor market, which is expected to show another 180,000 lost jobs and unemployment rose from the current 9.7 percent to 9.9 percent.

"More high reduction of the work (data ADP), a marker for the participants that the expectations may be too high for non-farm payrolls report Friday that is expected to show a decrease of the` just `180,000 positions," said Patrick O'Hare from Briefing.com.

Also on Wednesday, purchasing managers index (IMP) dariInstitute for Supply Management-Chicago - the main barometer of regional businesses - fell to 46.1 in September, down from 50.0 in August and most analysts expectations of 52.0.

This is a "return to the contraction zone of activity," analysts from Natixis Mufteeva Inna noted. Readings below 50 signal contraction.

Nike, the largest sports apparel company in the world, is one of the printers increase in bearish markets. Rose 7.67 percent to 64.70 dollars after the first quarter earnings slightly ahead of year-to-year while revenue slipped.

Ameriprise Financial jumped 12.34 percent to 36.33 dollars on news that Bank of America has agreed to sell banking unit, asset management business of Columbia Management long-term worth 1.2 billion dollars.

However, shares of CIT, one of the largest U.S. lender to small businesses, fell 1.21 percent to 45.00 dollars after a report said the company will hand control to bondholders or file for bankruptcy.

Bond market also declined. Results on the bonds 10-year state rose to 3.307 percent from 3.292 percent on Tuesday and the 30-year bond rose to 4.048 percent from 4.023 percent. Bond prices and yields move in the opposite direction.