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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

(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.)

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