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VOL. 42 | NO. 10 | Friday, March 09, 2018
Industrials, banks weigh on stock prices
NEW YORK (AP) — Stocks fell on Wall Street as banks and industrial companies posted sizable losses.
Citigroup lost 1.9 percent Wednesday and aerospace giant Boeing gave up 2.5 percent.
Banks fell along with bond yields and industrial companies weakened as European leaders warned of the risk of escalating trade tensions.
Department stores and other retailers fell after the Commerce Department said retail sales declined in February. Kroger lost 2.4 percent.
Signet Jewelers plunged 20 percent after giving weak a forecast.
The S&P 500 fell 15 points, or 0.6 percent, to 2,749.
The Dow Jones industrial average lost 248 points, or 1 percent, to 24,758. The Nasdaq composite fell 14 points, or 0.2 percent, to 7,496.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.82 percent.