Afternoon Markets: Miners drive index down despite upbeat ISM stats

The Dow has fallen significantly from opening, despite a rare piece of positive economic news. The Wall Street index is down 62 points (0.75%) to 8,279, even though the Institute for Supply Management's June figures on the country's service sector are better than predicted. Mining related stocks are again leading the rout, after a difficult time last week, with Alcoa the worst performer, down 5.28% to $9.34. Mining equipment manufacturer Caterpillar and oil miner Chevron are among the top five losers, down 2.01% to $31.10 and 1.74% to $63.30, respectively. The FTSE is currently ...