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
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)

(Newser) – 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. (Read more stock market stories.)

My Take on This Story
Show results  |