Dow Ends Day Down 51

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted May 30, 2017 3:16 PM CDT
Trader William McInerney, right, works on the floor of the New York Stock Exchange, Friday, May 26, 2017.   (AP Photo/Richard Drew)

(Newser) – Major US stock indexes closed lower as a dip in bond yields hurt banks and energy companies fell with the price of oil, the AP reports. US crude futures fell 0.3% to $49.66 a barrel in New York Tuesday. Devon Energy lost 3.7% and Kinder Morgan fell 4.3%. Technology companies rose as traders returned following the Memorial Day holiday. Payment processor CardConnect jumped 10.6% after it agreed to be bought by First Data for about $468 million. The Dow Jones industrial average of 30 major stocks slipped 51 points, or 0.2%, to 21,030. The S&P 500 inched 3 points lower, or 0.1%, to 2,413. The Nasdaq composite fell 7 points, or 0.1%, to 6,203. (Read more stock market stories.)

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