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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
Stocks Close Lower on Wall Street
In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(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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