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 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.Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1The Dow Jones Industrial Average fell 366.71 points, or 1.1%, to 32,417.59.The S&P 500 is down 106.79 points, or 2.5%.The S&P 500 is up 277.87 points, or 7.2%.
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