Stocks Dive with Disappointing Retail Reports
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iStock/Thinkstock(NEW YORK) — Wall Street stocks took a hit Friday, ending the week with losses following disappointing news from retailers.
The Dow Jones Industrial Average fell 123 points, finishing at 16960.57, the Nasdaq Composite lost 23 points at 4449.56, and the S&P 500 dipped 10 points, ending the day at 1978.34.
Amazon’s stock fell 10 percent after the online retailer posted a loss greater than anticipated. Shares closed at $324, down $34.60. Visa also slipped 8 percent to $214.77.
Following a May decline, orders for long-lasting manufactured goods bounced back in June.
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