Stocks End the Day Lower on Wall Street

S&P 500 ends 8-day winning streak
By Newser Editors and Wire Services
Posted Apr 9, 2019 3:16 PM CDT
In this April 2, 2019, file photo specialist Gregg Maloney, left, and trader Tommy Kalikas work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing lower on Wall Street, breaking an eight-day winning streak for the S&P 500 index, the AP reports. Industrial companies and banks led the way lower Tuesday. Caterpillar fell 2.5% and Citigroup gave up 1.3% Technology companies also lost ground. Nvidia, a chipmaker, fell 1.3%. Traders were disappointed to see that the International Monetary Fund lowered its forecast for global growth this year. And a new threat of US tariffs on European goods helped send markets lower in Europe. The S&P 500 fell 17 points, or 0.6%, to 2,878. The Dow Jones Industrial Average lost 190 points, or 0.7%, to 26,150. The Nasdaq fell 44 points, or 0.6%, to 7,909. (Read more stock market stories.)

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