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Stocks End a Wobbly Day Broadly Lower

Dow ends day down 89
By Newser Editors and Wire Services
Posted Oct 15, 2018 3:17 PM CDT
Trader John Santiago, right, works on the floor of the New York Stock Exchange, Monday, Oct. 15, 2018.   (AP Photo/Richard Drew)

(Newser) – After a wobbly day of trading, US stocks closed broadly lower for the sixth time in seven days as technology companies continued to slide, the AP reports. The market's losses Monday were limited relative to the steep drops last week. Gains by industrial and high-dividend companies helped limit the retreat. Apple fell 2.1% and Microsoft fell 1.8%. Defense contractors L3 and Harris rose sharply after announcing a deal to combine. The S&P 500 index fell 16 points, or 0.6%, to 2,750. The Dow Jones Industrial Average lost 89 points, or 0.4%, to 25,250. The Nasdaq composite gave up 66 points, or 0.9%, to 7,430. Small-company stocks rose. (Read more stock market stories.)

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