Markets End the Day Lower
Dow was down 184 at one point
By Newser Editors and Wire Services
Posted Oct 13, 2016 3:16 PM CDT
James Matthews, center, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, Oct. 5, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending moderately lower on Wall Street following a surprisingly weak trade report from China, the AP reports. Bank stocks fell the most Thursday. Wells Fargo lost 1% after the bank's embattled CEO abruptly left the company late Wednesday. Basic materials makers also fell. Those companies rely heavily on exports to China, the world's second-largest economy. Copper miner Freeport-McMoRan slumped 4%. The Dow Jones industrial average fell 45 points, or 0.3%, to 18,098. It was down as much as 184 points earlier. The Standard & Poor's 500 index declined 6 points, or 0.3%, to 2,132. The Nasdaq composite dropped 25 points, or 0.5%, to 5,213.

 

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