» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 32 | Friday, August 5, 2016

Stocks closing lower on Wall Street

The Associated Press

Print | Front Page | Email this story

NEW YORK (AP) — Stocks are closing lower on Wall Street Wednesday as energy companies fall with the price of oil and banks and health care stocks slide. Phone company stocks are also up.

Earnings reports drove much of the trading. Drugmaker Perrigo sank 10 percent and solar power company SunPower lost almost 30 percent.

The price of crude oil fell 2.5 percent to $41.71 a barrel in New York.

Consumer stocks fared better. Ralph Lauren shares jumped 9 percent.

The Dow Jones industrial average fell 38 points, or 0.2 percent, to 18,496. The Standard & Poor's 500 index fell 6 points, or 0.3 percent, to 2,175. The Nasdaq composite fell 21 points, or 0.4 percent, to 5,205.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.51 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