Stocks once again failed to sustain an early upward move and came under pressure over the course of the trading day on Friday. With the downturn on the day, the Dow and the S&P 500 closed lower for the fifth consecutive session.
The major averages accelerated to the downside going into the close, ending the day firmly negative. The Dow fell 271.66 points or 0.8 percent to 34,607.72, its lowest closing level in well over a month. The Nasdaq slid 132.76 points or 0.9 percent to 15,115.49 and the S&P 500 dropped 34.70 points or 0.8 percent to 4,458.58.
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