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
Stocks End the Day Lower on Wall Street
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)

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. (More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.