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NEW YORK (AP) — Stocks closed lower on Wall Street, pulling the S&P 500 down 10% from the peak it reached in July. That puts the benchmark index into what’s
Stocks closed lower on Wall Street, bringing the S&P 500 index 10% below the peak it reached in July. That puts the benchmark index into what's called a “correction.” The declines came amid the latest batch of earnings from big technology and energy companies and some mixed readings on the economy. The S&P 500 fell 0.5% Friday, its 10th loss in the last 12 days. The Dow fell 366 points, and the Nasdaq composite rose 0.4%. Treasury yields held steady following a mixed report on inflation, consumer spending and incomes. Higher yields in the bond market have been helping to knock stocks lower since the summer.
Stocks stumbled on Wall Street on Friday, bringing the S&P 500 10% below the peak it reached in July and putting the benchmark index into what s called a "correction."