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Dow Ends Day Down 174

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Apr 7, 2016 3:18 PM CDT
Dow Ends Day Down 174
Trader Glenn Kessler, center, works on the floor of the New York Stock Exchange, Wednesday, April 6, 2016.   (AP Photo/Richard Drew)

(Newser) – US stocks are ending broadly lower, led by declines in banks as interest rates move lower. Goldman Sachs sank 3% and JPMorgan Chase lost 2.5%, two of the biggest losses in the Dow Jones industrial average. The Dow average gave up 174 points, or 1%, to 17,541. The Standard & Poor's 500 index lost 24 points, or 1.2%, to 2,041. The Nasdaq composite fell 72 points, or 1.5%, to 4,848. It was the biggest decline in the S&P 500 index in six weeks. (Read more stock market stories.)

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