Dow Slips 54 Points After Record Drive

Banks and energy companies suffered more than rest of market
By Newser Editors and Wire Services
Posted Nov 28, 2016 3:24 PM CST
In this Oct. 25, 2016, photo, a pedestrian walks past the New York Stock Exchange in lower Manhattan.   (AP Photo/Mary Altaffer)

(Newser) – Major US stock indexes closed slightly lower on Wall Street Monday, pulling back from the records they set last week, the AP reports. The Dow Jones industrial average fell 54 points, or 0.3%, to 19,097. The Standard & Poor's 500 index lost 11 points, or 0.5%, in its drop to 2,201. The Nasdaq composite went down 30 points, or 0.6%, to 5,368. Bond prices rose, while the yield on the 10-year Treasury note fell to 2.31%. Banks and energy companies fell more than the rest of the market, with Bank of America falling 2.7% and Pioneer Natural Resources losing 4.9%. Small-company stocks, which have surged over the past month, gave back some of their recent gains. (Read more Dow Jones stories.)

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