Stocks close lower on Wall Street, led by tech and banks

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Stocks fell for the second straight day Tuesday, giving up more of their recent gains as Wall Street shifts its focus on a busy week of corporate earnings reports.

The social network’s crackdown on posts that may incite violence raises the question of why it doesn’t do more to discourage abuse all the time.Investors turned defensive, favoring utilities, real estate stocks and a mix of companies that make consumer staples such as food and household products. General Mills rose 1.6% and Clorox added 3%.

The S&P 500 fell 28.32 points to 4,134.94. The Dow Jones industrial average lost 256.33 points, or 0.8%, to 33,821.30. Both the S&P 500 and Dow hit all-time highs Friday. After shedding an early gain, the technology-heavy Nasdaq slid 128.50 points, or 0.9%, to 13,786.27.

 

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Stocks sink again on Wall Street as inflation worries mountInflation worries rattled Wall Street Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and placing the major stock indexes on track for their worst week in more than six months... Well, in 228 years we accrued 20 trillion in debt (1790-2018), then in the last three years we added a mind boggling 9 trillion. So yea inflation will occur. Putin has unleashed his Russian hell hounds of cyber disruption onto America's energy infrastructure. It will affect the U.S. economy adversely, w/ gas shortages & inflationary pressures. Warfare w/enemies will not be fought conventionally. But w/computers & cyber technology! who the hell knows what motivates the stocks these days?
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