Dow Falls 23 Amid Energy, Mining Decline

Chevron falls 1.8%
By Newser Editors and Wire Services
Posted Dec 28, 2015 3:20 PM CST
Dow Falls 23 Amid Energy, Mining Decline
Traders Gordon Charlop, left, Nathan Wisniewski, center, and Gregory Rowe, work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

Stocks are closing lower, led by declines in energy and mining companies as prices for oil and other commodities fall. Chevron fell 1.8% Monday, the most in the Dow Jones industrial average. Mining company Freeport-McMoRan sank 10% after announcing that its co-founder was leaving. The Dow average lost 23 points, or 0.1%, to close at 17,528. The Standard & Poor's 500 index fell four points, or 0.2%, to 2,056. The Nasdaq composite declined seven points, or 0.2%, to 5,040. The price of crude oil fell 3% and copper fell 2%. Bond prices rose. The yield on the 10-year Treasury note fell to 2.22%. (Read more stocks stories.)

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