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Stocks End Lower, Led by Tech Losses

Dow loses 69 points
By Newser Editors and Wire Services
Posted Feb 28, 2019 3:00 PM CST
In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing lower on Wall Street after the government reported that economic growth slowed down at the end of last year, the AP reports. Technology companies led the way lower Thursday. Apple fell 1%, and HP plunged 17.3% after reporting weak printer and computer sales. Despite a sluggish few days, the market still rose 11.1% over January and February, its best start to a year since 1991. South Korean stocks fell after talks between US President Trump and North Korean leader Kim Jong Un ended abruptly without an agreement. The S&P 500 index fell 7 points, or 0.3%, to 2,784. The Dow Jones Industrial Average lost 69 points, or 0.3%, to 25,916. The Nasdaq fell 21 points, or 0.3%, to 7,532. (Read more stock market stories.)

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