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NEW YORK (TheStreet) -- U.S. stocks slipped Wednesday following weak manufacturing reports from overseas and uncertainty over whether Greece can implement its debt deal.

The Dow Jones Industrial Average closed down 27.5 points, or 0.2%, at 12,938. The S&P 500 was behind by 4.6 points, or 0.3%, at 1358. The Nasdaq fell 15.4 points, or 0.5%, at 2933.

The Dow continued its retreat from Tuesday when it reached 13,000 on an intraday basis for the first time since May 2008. Corporate earnings season is also drawing to an end, removing some potential headline momentum from the market.

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