Stock Market Sees 3rd Straight Day of Declines

Tech stocks led the dip
By Newser Editors and Wire Services
Posted Dec 9, 2015 3:22 PM CST
Specialists Charles Boeddinghaus, left, and Michael Gagliano work on the floor of the New York Stock Exchange, Wednesday, Dec. 9, 2015. U.S. stocks are mixed in early trading as investors pick up some...   (Richard Drew)
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(Newser) – A slump in several big technology companies is leaving the stock market broadly lower at the closing bell on Wednesday. Indexes were higher for most of the morning but took a turn lower shortly after midday and stayed negative for the rest of the day. Big tech names fell the most. Yahoo slumped 1% after saying it would scrap a spinoff of its big stake in Alibaba. Apple and Microsoft also fell about 2% each.

The Dow Jones industrial average lost 75 points, or 0.4%, to 17,492. The Standard & Poor's 500 index gave up 16 points, or 0.8%, to 2,047. The Nasdaq composite dropped 75 points, or 1.5%, to 5,022. Wednesday was the third straight decline for the stock market. (Read more stock market stories.)

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