Dow Ends Day Down 61

Drop in oil price sinks energy stocks
By Newser Editors and Wire Services
Posted Jun 20, 2017 3:16 PM CDT
Trader Joseph Lawler works on the floor of the New York Stock Exchange, Friday, June 16, 2017.   (AP Photo/Richard Drew)

(Newser) – Another drop in crude oil prices helped bring energy stocks lower, bringing the market back from the record highs it set a day earlier, the AP reports. The price of crude touched its lowest level of the year Tuesday. Transocean sank 4.2% and Marathon Oil lost 3.4%. Retailers also fell. Ross Stores fell 4.8%. The Standard & Poor's 500 index fell 16 points, or 0.7%, to 2,437. The Dow Jones industrial average slipped 61 points, or 0.3%, to 21,467. The Nasdaq fell 50 points, or 0.8%, to 6,188. Small-company stocks fell more than the rest of the market. The Russell 2000 lost 15 points, or 1.1%, to 1,402. (Read more stock market stories.)

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