Friday, 16 January 2015

Weak bank results weigh on stock market

NEW YORK • Disappointing results from Bank of America, Citigroup and other companies helped pull the stock market lower Thursday. Target rose after the retailer announced plans to close down its stores in Canada.
KEEPING SCORE: As of 2:10 p.m. Eastern time, the Standard & Poor's 500 index fell 12 points, or 0.6 percent, to 1,999. The Dow Jones industrial average slipped 69 points, or 0.4 percent, to 17,358, and the Nasdaq composite dropped 55 points, or 1.2 percent, to 4,584.
TURBULENT TIMES: Discouraging news on the global economy and falling oil prices have rattled markets over recent weeks. The S&P 500 has slumped 2 percent this week, on track for its third straight week of losses.

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