Stocks End Lower After Wobbly Day

Tech companies hit by some of the biggest losses
By Newser Editors and Wire Services
Posted Feb 7, 2018 3:33 PM CST
Stocks End Lower After Wobbly Day
Trader Michael Capolino works on the floor of the New York Stock Exchange, Wednesday, Feb. 7, 2018.   (AP Photo/Richard Drew)

Stocks are ending a wobbly Wednesday lower, but with far less volatility than the market has seen over the previous three days, the AP reports. Technology companies posted some of the biggest losses. Apple gave up 2.1% and Facebook lost 2.8%. Energy companies also fell. Exxon Mobil gave back 1.8% and Devon Energy fell 4.2%. Crude oil prices slumped 2.5% after the government reported that oil production jumped last week. Wynn Resorts jumped 8.6% after Steve Wynn said he would resign as CEO following allegations of sexual misconduct.

The Standard & Poor's 500 index fell 13 points, or 0.5%, to 2,681. The Dow Jones industrial average fell 19 points, or 0.1%, to 24,893. The Nasdaq fell 63 points, or 0.9%, to 7,051.

(More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.