Dow Ends Day Down 48

S&P 500, Nasdaq also down
By Newser Editors and Wire Services
Posted Oct 21, 2015 3:24 PM CDT
Dow Ends Day Down 48
Trader Daniel Kryger works on the floor of the New York Stock Exchange, Friday, Oct. 2, 2015.   (AP Photo/Richard Drew)

Stocks are closing lower after an early rally faded. The Dow Jones industrial average fell 48 points, 0.3%, to 17,168 Wednesday. The Standard & Poor's 500 index fell 11 points, or 0.6%, to 2,018. The Nasdaq composite fell 40 points, or 0.8%, to 4,840.

Energy stocks fell the most Wednesday as the price of oil tumbled 2% to $45 a barrel. Yahoo slumped 5% after reporting a sharp drop in a closely watched measure of revenue. Not all the earnings news was bad. General Motors rose 6% after reporting earnings that beat analysts' forecasts. Boeing rose 2%. Bond prices rose. The yield on the 10-year Treasury note fell to 2.03%. (More Dow Jones stories.)

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