Dow Ends Day Down 47
S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Sep 8, 2016 3:16 PM CDT
Trader Tommy Kalikas, left, works on the floor of the New York Stock Exchange, Tuesday, Sept. 6, 2016.   (AP Photo/Richard Drew)

(Newser) – Technology and consumer stocks pulled the broader market slightly lower, even as energy stocks rallied along with the price of oil, the AP reports. Apple slumped almost 3% Thursday, a day after the company released its latest version of the iPhone. Consumer stocks also did poorly. Pier 1 Imports dropped 15% after the home decor retailer gave a weak forecast and said its CEO will leave. The price of oil jumped almost 5%. Diamond Offshore Drilling jumped 9%. The Dow Jones industrial average lost 47 points, or 0.3%, to 18,478. The Standard & Poor's 500 index shed 4 points, or 0.2%, to 2,181. The Nasdaq fell 24 points, or 0.5%, to 5,259.

 

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