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Markets Dip for 3rd Straight Day

Dow falls 54
By Newser Editors and Wire Services
Posted Nov 21, 2019 3:05 PM CST
Markets Dip for 3rd Straight Day
In this Oct. 7, 2019 file photo, trader Gregory Rowe, left, works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks closed slightly lower on Wall Street Thursday, giving the market its third straight drop. Technology stocks and companies that rely on consumer spending led the way lower, per the AP. Those losses offset gains in the energy, communication services, and health care sectors. Investors have turned cautious this week amid concerns that the US and China will fail to make a trade deal before the year is over. The S&P 500 fell 4 points, or 0.2%, to 3,103; the Dow Jones Industrial Average fell 54 points, or 0.2%, to 27,766; and the Nasdaq fell 20 points, or 0.2%, to 8,506. Bond prices fell, and the yield on the 10-year Treasury rose to 1.77%. (Read more stock market stories.)

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