Markets Close Lower

Dow, S&P 500, Nasdaq all lower for the day
By Newser Editors and Wire Services
Posted Jun 9, 2016 3:16 PM CDT

(Newser) – Stocks are closing lower on Wall Street as the market pulls back after three days of gains, the AP reports. Banks led the declines Thursday as long-term interest rates fell, which will make lending money less profitable. Wells Fargo and Bank of America each fell 2%. Restoration Hardware plunged 21% after reporting a big drop in earnings. JM Smucker rose 8% after reporting strong quarterly results. The Dow Jones industrial average fell 19 points, or 0.1%, to 17,985. The Standard & Poor's 500 index dropped 3 points, or 0.2%, to 2,115. The Nasdaq composite index declined 16 points, or 0.3%, to 4,958. (Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.