Stocks Close Slightly Lower

Dow ends day down 36
By Newser Editors and Wire Services
Posted Aug 9, 2017 3:16 PM CDT
Traders Michael Milano, left, and Daniel Leporin work on the floor of the New York Stock Exchange, Monday, Aug. 7, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing slightly lower following some rare earnings disappointments, the AP reports. Small-company stocks fell more than the rest of the market Wednesday. Consumer-focused companies and banks were among the biggest decliners. Investors kept a wary eye on escalating tensions between the US and North Korea. Gold prices rose. Disney dropped 3.9% after reporting a weak quarter and saying it would pull its movies from Netflix and start its own video streaming services. Watch maker Fossil Group plunged 25% after reporting a weak quarter. The Standard & Poor's 500 index fell less than a point to 2,474, making up much of the ground it lost earlier. The Dow Jones industrial average fell 36 points, or 0.2%, to 22,048. The Nasdaq composite lost 18 points, or 0.3%, to 6,352. (Read more stock market stories.)

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