Dow Ends Day Down 205

Tech, banks lead US stock indexes lower
By Newser Editors and Wire Services
Posted Nov 14, 2018 3:18 PM CST
Trader Robert Arciero, right, works on the floor of the New York Stock Exchange, Wednesday, Nov. 14, 2018.   (AP Photo/Richard Drew)

(Newser) – Technology companies and banks led stocks lower on Wall Street, extending the market's slide to a fifth day, the AP reports. Apple sank 2.8% Wednesday and JPMorgan Chase gave up 2.1%. Energy companies held up better than the rest of the market as the price of oil turned higher, breaking a 12-day losing streak. Bond prices rose as traders shifted money into low-risk assets. That sent yields down, which hurts banks by pushing interest rates on loans lower. Internet companies did well. Facebook added 1.4%. The S&P 500 index fell 20 points, or 0.8%, to 2,701. The Dow Jones Industrial Average lost 205 points, or 0.8%, to 25,080. The Nasdaq fell 64 points, or 0.9%, to 7,136. (Read more stock market stories.)

My Take on This Story
Show results  |