Dow Ends Day Down 88

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Sep 16, 2016 3:16 PM CDT
Dow Ends Day Down 88
Trader Tommy Kalikas, left, works on the floor of the New York Stock Exchange, Tuesday, Sept. 6, 2016.   (AP Photo/Richard Drew)

Stocks are closing lower on Wall Street, led by declines in banks and energy companies, the AP reports. Deutsche Bank plunged 9% Friday after saying it won't pay the $14 billion the US government is asking for to settle claims over its handling of mortgage securities in the run-up to the 2008 financial crisis. Big US banks also fell. JPMorgan Chase and Citigroup each lost 1%. Business software maker Oracle dropped 5% after its earnings fell short of analysts' forecasts. The Dow Jones industrial average fell 88 points, or 0.5%, to 18,123. The Standard & Poor's 500 index lost 8 points, or 0.4%, to 2,139. The Nasdaq composite declined 5 points, or 0.1%, to 5,244. (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.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.