Industrial, Tech Stumbles Push Stocks Lower

Dow ends day down 55
By Newser Editors and Wire Services
Posted Oct 23, 2017 3:11 PM CDT
Industrial, Tech Stumbles Push Stocks Lower
Specialist Michael Gagliano, left, works with traders at his post on the floor of the New York Stock Exchange, Thursday, Oct. 19, 2017.   (AP Photo/Richard Drew)

US stocks are closing lower on Wall Street as industrial and technology companies stumble, the AP reports. Industrial companies declined Monday as General Electric fell 6.3%, its biggest loss since 2011. Companies in technology and retail also fell. Facebook lost 2.1% and Amazon shed 1.7%. Toy company Hasbro sank 8.6% and competitor Mattel fell 3.2% after Hasbro's sales forecast disappointed Wall Street. Major indexes were at all-time highs after a six-week winning streak. The Standard & Poor's 500 index slid 10 points, or 0.4%, to 2,565. The Dow Jones industrial average fell 55 points, or 0.2%, to 23,274. The Nasdaq composite lost 42 points, or 0.6%, to 6,587. (More stock market stories.)

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