Stock market today: Wall Street falls, pulling S&P 500 down 10% from its July peak
Stocks closed lower on Wall Street, pulling the S&P 500 down 10% from the peak it reached in July NEW YORK -- 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 i NFL ation, consumer spending and incomes. Higher yields in the bond market have been helping to knock stocks lower since the summer. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Wall Street slipping Friday following the latest batch of corporate earnings and some mixed readings on the U.S. economy. The S & P 500 was 0.6% lower in afternoon trading, coming off its...