Dow Ends Day Down 239
S&P 500, NASDAQ also decline
By Newser Editors and Wire Services
Posted Sep 9, 2015 3:17 PM CDT
Trader Ryan Falvey works on the floor of the New York Stock Exchange, Wednesday, Sept. 9, 2015. U.S. stocks are opening solidly higher as investors take their cue from big gains in Asia and Europe.    (Richard Drew)
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(Newser) – US stocks are closing lower after an early rally fizzled. The declines today were led by energy stocks as the price of crude oil fell sharply. Traders also worried that a report showing that the number of available jobs soared in July could help convince Federal Reserve policymakers to raise interest rates later this month. The Dow Jones industrial average lost 239 points, or 1.5%, to 16,253. The Standard & Poor's 500 index gave up 27 points, or 1.4%, to close at 1,942. The Nasdaq composite declined 55 points, or 1.2%, to 4,756. Oil slumped 4% to $44.15 a barrel.

 

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