Stocks Fall for Second Day in a Row


0  Updated at 2:03 pm, August 1st, 2014 By: ABC Digital
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iStock/Thinkstock(NEW YORK) — Stocks fell again on Friday after a steep plunge on Thursday.

The Dow Jones Industrial Average fell 68.97 points, ending the day at 16,493.31. The Nasdaq fell 17.13 points to 4,352.64, while the S&P 500 fell 5.45 points, closing at 1,925.22.

Unusually generous incentives and big discounts helped United States auto sales shine in July, as Toyota, Ford, Nissan, and Chrysler all reported double-digit sale gains last month compared to a year ago. Analysts say this could have been the best July for car sales since 2006.

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