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VOL. 40 | NO. 33 | Friday, August 12, 2016

Stocks closing lower on Wall Street

The Associated Press

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NEW YORK (AP) — Stocks are closing mostly lower on Wall Street Friday, weighed down by new data showing weaker-than-expected retail sales and a drop in producer prices in July.

Mining and chemicals companies fell the most, while energy companies rose along with the price of oil.

The Dow Jones industrial average and Standard & Poor's 500 index both retreated from Thursday's record highs. The Dow closed down 37 points, or 0.2 percent, to 18,576. The S&P fell 2 points, or 0.1 percent, to 2,184. The Nasdaq composite reached a new high, up 5 points, or 0.1 percent to 5,232.

Bond prices rose and the yield on the 10-year Treasury note fell to 1.51 percent. Oil rose 2.3 percent to $44.49 a barrel in New York.

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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