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Banks Weigh on Large-Stock Indexes

Dow falls 134
By Newser Editors and Wire Services
Posted Jul 19, 2018 3:03 PM CDT
Banks Weigh on Large-Stock Indexes
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Wednesday, July 18, 2018.   (AP Photo/Richard Drew)

(Newser) – Banks and other large US stocks fell but smaller companies climbed, making for a mixed finish on Wall Street, the AP reports. Banks fell Thursday as interest rates decreased. Several financial companies including American Express and Bank of New York Mellon dropped after issuing weak second-quarter reports. Comcast rose 2.6% after ending its bid to buy most of Twenty-First Century Fox. The S&P 500 index fell 11 points, or 0.4%, to 2,804. The Dow Jones Industrial Average lost 134 points, or 0.5%, to 25,064. The Nasdaq composite fell 29 points, or 0.4%, to 7,825. Indexes of small and mid-sized companies rose. More stocks rose than fell on the New York Stock Exchange. (Read more stock market stories.)

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