Banks Lead US Indexes Lower

Dow ends day down 126
By Newser Editors and Wire Services
Posted Oct 22, 2018 3:00 PM CDT
Banks Lead US Indexes Lower
Traders Michael Urkonis, left, William Lawrence, center, and Michael Smyth work on the floor of the New York Stock Exchange, Monday, Oct. 22, 2018.   (AP Photo/Richard Drew)

Banks led a broad slide in US stocks on Wall Street, giving the S&P 500 index its fourth straight loss, the AP reports. Bank of America and Citigroup each fell 3.3% Monday. Energy stocks also fell as the price of crude oil spent most of the day lower. Halliburton lost 3%. Hasbro led toymakers lower with a 3.1% drop after reporting weak earnings. Technology and consumer-focused stocks rose. Amazon climbed 1.4%. The S&P 500 index fell 11 points, or 0.4%, to 2,755. The Dow Jones Industrial Average lost 126 points, or 0.5%, to 25,317. The Nasdaq composite added 19 points, or 0.3%, to 7,468. (More stock market stories.)

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