Markets See 2nd Losing Week in a Row

Dow, S&P 500, Nasdaq all close lower
By Newser Editors and Wire Services
Posted Jun 17, 2016 3:08 PM CDT
Markets See 2nd Losing Week in a Row
Specialist Frank Masiello, left, works on the floor of the New York Stock Exchange, Friday, June 17, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks ended slightly lower on Wall Street, closing out the market's second losing week in a row, the AP reports. Health care and technology stocks did especially poorly on Friday. Giant drugmaker Merck fell 3% and Apple lost 2%, the biggest losses in the Dow Jones industrial average. The price of oil turned higher, helping lift energy stocks. US crude gained 4% to $48 a barrel in New York. The Dow Jones industrial average gave up 57 points, or 0.3%, to 17,675. The Standard & Poor's 500 index fell 6 points, or 0.3%, to 2,071. The Nasdaq composite dropped 44 points, or 0.9%, to 4,800. (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.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X