Dow Ends Day Down 50

S&P 500, Nasdaq also slightly down
By Newser Editors and Wire Services
Posted Nov 4, 2015 3:16 PM CST
Dow Ends Day Down 50
Trader Kevin Lodewick, center, works on the floor of the New York Stock Exchange, Monday, Nov. 2, 2015.   (AP Photo/Richard Drew)

Stock indexes are closing with moderate losses, led by declines in energy companies as the price of oil turns lower. Exxon Mobil and Chevron had some of the biggest declines in the Dow Jones industrial average Wednesday. The Dow Jones fell 50 points, or 0.3%, to 17,867. The Standard & Poor's 500 index lost seven points, or 0.4%, to 2,102. The Nasdaq composite declined two points, or 0.1%, to 5,142.

Media companies plunged after a disappointing outlook from Time Warner. Viacom, Twenty-First Century Fox and Discovery Communications all fell. Fashion company Michael Kors Holdings jumped 8% after its results came in ahead of what analysts were expecting. Bond prices fell. The yield on the 10-year Treasury note rose to 2.23%. (More Dow Jones stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.