Banks, Phone Companies Drag Stock Market Lower

And one toy maker took a nosedive
By Newser Editors and Wire Services
Posted Apr 21, 2017 3:19 PM CDT
US Market Indexe End Slightly Lower
Trader John Panin, right, works on the floor of the New York Stock Exchange this week.   (AP Photo/Richard Drew)

The stock market closed slightly lower led by declines in phone companies, banks, and health care providers, the AP reports. Verizon slumped 2.3% Friday, while Bank of America lost 1.6%. In earnings news, Mattel nosedived 13.6% after the struggling toy maker reported a big drop in sales.

The Standard & Poor's 500 index fell 7 points, or 0.3%, to 2,348. The Dow Jones industrial average slipped 30 points, or 0.2%, to 20,547. The Nasdaq composite gave up 6 points, or 0.1%, to close at 5,910. (Read more stock market stories.)

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