Banks Lead US Indexes Lower

Dow ends day down 126
By Newser Editors and Wire Services
Posted Oct 22, 2018 3:00 PM CDT
Traders Michael Urkonis, left, William Lawrence, center, and Michael Smyth work on the floor of the New York Stock Exchange, Monday, Oct. 22, 2018.   (AP Photo/Richard Drew)

(Newser) – Banks led a broad slide in US stocks on Wall Street, giving the S&P 500 index its fourth straight loss, the AP reports. Bank of America and Citigroup each fell 3.3% Monday. Energy stocks also fell as the price of crude oil spent most of the day lower. Halliburton lost 3%. Hasbro led toymakers lower with a 3.1% drop after reporting weak earnings. Technology and consumer-focused stocks rose. Amazon climbed 1.4%. The S&P 500 index fell 11 points, or 0.4%, to 2,755. The Dow Jones Industrial Average lost 126 points, or 0.5%, to 25,317. The Nasdaq composite added 19 points, or 0.3%, to 7,468. (Read more stock market stories.)

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