Dow Falls 200
S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Oct 11, 2016 3:07 PM CDT
Specialist Jason Hardzewicz, left, works at his post on the floor of the New York Stock Exchange, Wednesday, Oct. 5, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks closing broadly lower on Wall Street, more than erasing a gain from the day before, the AP reports. Health care companies led the retreat for US stocks Tuesday. Materials and technology companies also fell. Alcoa slumped 11% after its results fell short of Wall Street's expectations, while genetics research company Illumina dropped 25% after announcing revenue that fell short of analysts' forecasts. Apple rose after rival Samsung announced it was discontinuing its Galaxy Note 7 phone. The Dow Jones industrial average fell 200 points, or 1.1%, to 18,128. The Standard & Poor's 500 index lost 26 points, or 1.2%, to 2,136. The Nasdaq composite fell 81 points, or 1.5%, to 5,246.

 

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