Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 41 | NO. 35 | Friday, September 1, 2017

Banks, tech lead US stocks lower

Print | Front Page | Email this story

NEW YORK (AP) — The stock market had its biggest drop in almost three weeks, led by banks and technology companies.

The decline Tuesday follows back-to-back weekly gains. Traders were assessing the growing tensions with North Korea, which conducted another test over the weekend.

Energy companies rose along with the price of crude oil.

Bank of America slumped 3.2 percent and Schlumberger rose 2.8 percent.

The Standard & Poor's 500 index fell 19 points, or 0.8 percent, to 2,457.

The Dow Jones industrial average gave up 234 points, or 1.1 percent, to 21,753. The Nasdaq composite dropped 59 points, or 0.9 percent, to 6,375.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.07 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0