Dow Ends Day Down 248

Banks, industrial companies post sizable losses
By Newser Editors and Wire Services
Posted Mar 14, 2018 3:11 PM CDT
Trader Fred DeMarco, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange, Wednesday, March 14, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks fell on Wall Street as banks and industrial companies posted sizable losses, the AP reports. Citigroup lost 1.9% Wednesday and aerospace giant Boeing gave up 2.5%. Banks fell along with bond yields and industrial companies weakened as European leaders warned of the risk of escalating trade tensions. Department stores and other retailers fell after the Commerce Department said retail sales declined in February. Kroger lost 2.4%. Signet Jewelers plunged 20% after giving weak a forecast. The S&P 500 fell 15 points, or 0.6%, to 2,749. The Dow Jones industrial average lost 248 points, or 1%, to 24,758. The Nasdaq composite fell 14 points, or 0.2%, to 7,496.

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