Stocks slip on Wall Street, pulling S&P 500 below record
Annabelle Liang
Updated:
FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building, in New York. Stocks are opening mostly lower on Wall Street Wednesday, Aug. 4, 2021, led by declines in banks and energy companies. (AP Photo/Mark Lennihan, File) (Copyright 2020 The Associated Press. All rights reserved)
Stocks gave back some of their recent gains Wednesday after a disappointing jobs report stoked worry about the strength of the economic recovery as a highly contagious variant of the coronavirus spreads.
The S&P 500 fell 0.5%, easing back from the all-time high the benchmark index set a day earlier. Crude oil prices fell more than 3% and pushed energy companies lower. Industrial firms, banks, retailers, hotels and other companies that rely on direct consumer spending also fell. Those losses outweighed gains in technology and communication stocks.
Banks and energy companies pulls stocks lower on Wall Street
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World Stocks Mixed on Variant Risks
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