Tech Companies, Consumer Products Lead US Indexes Lower

Stock market sees first loss of the week
By Newser Editors and Wire Services
Posted Apr 19, 2018 3:07 PM CDT
Tech Companies, Consumer Products Lead US Indexes Lower
Trader Gregory Rowe, left, and specialist James Denaro work on the floor of the New York Stock Exchange, Thursday, April 19, 2018.   (AP Photo/Richard Drew)

The stock market had its first loss of the week as technology companies and consumer products makers led US indexes lower, the AP reports. Apple lost 2.8% Thursday and tobacco maker Philip Morris International plunged 15.6% after reporting weak results, noting that sales of its iQos device in Japan were slow. Banks bucked the downward trend and rose along with bond yields. Bank of New York Mellon climbed 5.7%. Energy stocks also rose. Philips 66 rose 1.6%. The S&P 500 index fell 15 points, or 0.6%, to 2,693. The Dow Jones industrial average lost 83 points, or 0.3%, to 24,664. The Nasdaq composite fell 57 points, or 0.8%, to 7,238. (Read more stock market stories.)

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