Stocks Fall Further

Day after their biggest one-day drop in 3 months
By Newser Editors and Wire Services
Posted Aug 18, 2017 3:16 PM CDT
Trader George Ettinger works on the floor of the New York Stock Exchange, Wednesday, Aug. 16, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks closed slightly lower on Wall Street after a midday rally ran out of gas, the AP reports. Health care stocks and retailers fell more than the rest of the market Friday. Foot Locker plunged 28% after reporting a weak quarter. Nike fell 4% and UnitedHealth Group fell 1%. Deere fell 6% after its third-quarter sales came up short of Wall Street estimates. Stocks are coming off their biggest one-day loss in three months. The Standard & Poor's 500 index fell 4 points, or 0.2%, to 2,425. The Dow Jones industrial average gave up 76 points, or 0.4%, to 21,674. The Nasdaq composite lost 5 points, or 0.1%, to 6,216. (Read more stock market stories.)

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