U.S. stocks end the trading day with losses
Above, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange on Oct. 2, 2014. Credit: AP / Richard Drew
U.S. stock indexes closed with losses Tuesday.
ON WALL STREET: At the close, the Dow Jones industrial average was down 90.7 points, about 0.5 percent, at 18,313.8. The Standard & Poor’s 500 index slipped 13.8 points, about 0.6 percent, to 2,157, and the Nasdaq composite index gave up 46.5 points, about 0.9 percent, to nearly 5,137.7.
OIL PRICES: The price of U.S. benchmark crude slipped 41 cents to $39.65 a barrel in trading on the New York Mercantile Exchange. In London, the price of Brent crude, used to price international oils, dropped 25 cents to $41.92 a barrel.
CONSUMER SPENDING: Data showed U.S. consumer spending rose more than expected in June as households bought a range of goods and services. However, core personal consumption expenditures, the Federal Reserve’s preferred inflation measure, increased 1.6 percent in the 12 months through June, falling below the central bank’s 2 percent target.
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
