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VOL. 41 | NO. 22 | Friday, June 2, 2017

Slumping retailers lead US stocks lower

The Associated Press

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Disappointing results from several retailers led U.S. stock indexes lower on Wall Street.

Macy's fell sharply Tuesday after warning that its profit margins could be weaker than the company had forecast earlier. Michael's, Conn's, Casey's General Stores and Fred's also dropped.

Banks and other financial companies also posted losses. Prudential Financial fell 2.2 percent.

Crude oil prices rebounded after an early slide. U.S. benchmark crude rose 1.7 percent.

The Standard & Poor's 500 index fell 6 points, or 0.3 percent, to 2,429.

The Dow Jones industrial average lost 47 points, or 0.2 percent, to 21,136. The Nasdaq composite slipped 20 points, or 0.3 percent, to 6,275.

Bond prices rose. The yield on the 10-year Treasury fell to 2.14 percent.

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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