Stock Prices Close Lower as S&P 500 Enters Correction Territory

NEW YORK (AP) — Stock prices closed lower on the New York Stock Exchange on Friday, where the S&P 500 is 10% below the peak it reached in July. This puts the index in what is called a “correction.”</p><p>The declines came amid the latest batch of earnings reports from big technology and energy companies, and some mixed readings on the economy.</p><p>The S&P 500 fell 0.5%, its 10th decline in the last 12 days. The Dow fell 366 points and the Nasdaq rose 0.4%.</p><p>Treasury yields were steady following a mixed report on inflation, consumer spending and income. Rising bond yields have contributed to stocks' decline since mid-year.</p>\r\n \r\n <p>\r\n \r\n \r\n \r\n What others are reading...\r\n </p>\r\n \r\n \r\n <p>Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.</p>\r\n2023-10-27 21:04:14 \r\n #Wall #Street #closes #July #high\r\n ?"> Submit