Markets End the Day Lower
Dow, S&P 500, Nasdaq all down
By Newser Editors and Wire Services
Posted Aug 10, 2016 3:16 PM CDT
In this Wednesday, May 4, 2016, file photo, trader Edward Curran, right, works near the post that handles CBS Corp. on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing lower on Wall Street Wednesday as energy companies fall with the price of oil and banks and health care stocks slide, the AP reports. Phone company stocks are also up. Earnings reports drove much of the trading. Drugmaker Perrigo sank 10% and solar power company SunPower lost almost 30%. The price of crude oil fell 2.5% to $41.71 a barrel in New York. Consumer stocks fared better. Ralph Lauren shares jumped 9%. The Dow Jones industrial average fell 38 points, or 0.2%, to 18,496. The Standard & Poor's 500 index fell 6 points, or 0.3%, to 2,175. The Nasdaq composite fell 21 points, or 0.4%, to 5,205.