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Stocks Close Lower on Wall Street

Dow slips 23
By Newser Editors and Wire Services
Posted Jul 16, 2019 3:15 PM CDT

(Newser) – Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index, the AP reports. Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%. Some banks rose after reporting results that beat analysts' forecasts. Goldman Sachs rose 1.9% and JPMorgan Chase rose 1.1%. Earnings reporting season is getting into full swing for US companies. Domino's Pizza slumped 8.7% after reporting weaker sales than the market expected. The S&P 500 index slipped 10 points, or 0.3%, to 3,004. The Dow Jones Industrial Average fell 23 points, or 0.1%, to 27,335. The Nasdaq fell 35 points, or 0.4%, to 8,222. Bond prices fell. The yield on the 10-year Treasury rose to 2.12%. (Read more stock market stories.)

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