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Stocks Close Lower, Led by Drops in Tech

S&P 500 has second straight weekly loss
By Newser Editors and Wire Services
Posted Nov 17, 2017 3:14 PM CST

(Newser) – Stocks are closing lower on Wall Street, led by drops in technology companies, as the market gives back some of its big gain from a day earlier, the AP reports. Intel lost 2.2% Friday and Google's parent company Alphabet fell 1.2%. Health care and industrial stocks also fell. The declines left the Standard & Poor's 500 index down for the second week in a row following eight weeks of gains. Smaller companies and retailers did well. Foot Locker soared 28% after issuing a strong forecast. The S&P 500 fell 6 points, or 0.3%, to 2,578. The Dow Jones industrial average gave up 100 points, or 0.4%, to 23,358. The Nasdaq slipped 10 points, or 0.2%, to 6,782. The Nasdaq closed at a record high a day earlier. (Read more stock market stories.)

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