U.S. stocks closed mostly down today, with the energy and technology sectors among the worst performers. In corporate news, a tentative agreement was reported between GM and the United Automobile Workers on a new contract following a month-long strike. In economic news, the U.S. Census Bureau announced that September estimates for retail sales in the U.S. had decreased 0.3 percent from August. Excluding vehicles and gasoline sales, this marks the first monthly decline of consumer spending since February of this year. Treasury prices rose as their interest rates declined.
The Dow Jones Industrial Average* was down 23 points or 0.1% to 27,002
The Standard & Poor's 500 Index was down 6 points or 0.2% to 2,990
The NASDAQ Composite Index was down 25 points or 0.3% to 8,124
The 30-year Treasury yield closed lower at 2.10%. And the 10-year Treasury yield finished lower at 1.62%
The spot price of gold rose $10.50 to $1,494.00
And the price of crude oil rose $0.50 to $53.31
See our Weekly Market Update.
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