Investors were in a selling mood at the end of a mostly subdued week of trading, sending U. S. stocks lower for the third day in a row Thursday.
RisingWorld
2017-04-14
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Investors were in a selling mood at the end of a mostly subdued week of trading, sending U. S. stocks lower for the third day in a row Thursday.
The slide marked the lowest close for the stock market since Feb. 13
and came on a day when several major banks reported their latest quarterly results, kicking off the company earnings season.
Traders also weighed the potential for rising geopolitical tensions following news
that the U. S. attacked an Islamic State tunnel complex in eastern Afghanistan with the largest non-nuclear weapon ever used in combat by the U. S. military.
Benchmark U. S. crude rose 7 cents to close at $53.18 per barrel in New York.
U. S. Steel fell 5.9 percent as investors weighed the impact of a wastewater spill at one of the company’s steel plants in northern Indiana.
The slide marked the lowest close for the stock market since Feb. 13
and came on a day when several major banks reported their latest quarterly results, kicking off the company earnings season.
Traders also weighed the potential for rising geopolitical tensions following news
that the U. S. attacked an Islamic State tunnel complex in eastern Afghanistan with the largest non-nuclear weapon ever used in combat by the U. S. military.
Benchmark U. S. crude rose 7 cents to close at $53.18 per barrel in New York.
U. S. Steel fell 5.9 percent as investors weighed the impact of a wastewater spill at one of the company’s steel plants in northern Indiana.
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