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VOL. 40 | NO. 52 | Friday, December 23, 2016
US stocks end slightly lower
NEW YORK (AP) — Stocks are ending slightly lower on Wall Street as a number of retailers lose ground.
Bed Bath & Beyond slumped 9 percent Thursday after reporting weak results, while Chinese e-commerce company Alibaba is down after U.S. regulators again sanctioned the company for sales of counterfeit goods.
Software company Red Hat plunged 14 percent after reporting weak results.
The Dow Jones industrial average slipped 23 points, or 0.1 percent, to 19,918.
The Standard & Poor's 500 index lost 4 points, or 0.2 percent, at 2,260. The Nasdaq composite fell 24 points, or 0.4 percent, to 5,447.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.55 percent.