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Markets End the Day Lower

And see first weekly decline in a month
By Newser Editors and Wire Services
Posted Oct 7, 2016 3:11 PM CDT
Markets End the Day Lower
Trader Glenn Kessler, center, works on the floor of the New York Stock Exchange, Wednesday, Oct. 5, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks ended slightly lower on Wall Street, giving the market its first weekly decline in a month, the AP reports. Basic materials companies fell the most Friday, followed by industrial companies. Only the financial and health care sectors rose. A government report showing steady hiring last month fell below forecasts, but not enough to take an interest rate hike from the Federal Reserve later this year off the table. Industrial giant Honeywell International slumped 7.5% after lowering its earnings estimates. The Dow Jones industrial average fell 28 points, or 0.2%, to 18,240. The Standard & Poor's 500 index lost 7 points, or 0.3%, to 2,153. The Nasdaq composite declined 14 points, or 0.3%, to 5,292. (Read more Dow Jones stories.)

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