Nasdaq Fails to Hold 5K as Wall Street Drops - East Idaho News
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Nasdaq Fails to Hold 5K as Wall Street Drops

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Getty WallStreet?  SQUARESPACE CACHEVERSION=1425421625880iStock/Thinkstock(NEW YORK) — A day after crossing a milestone for the first time in 15 years, the Nasdaq couldn’t hold on.  

Stocks gave back gains on Tuesday, with the Dow Jones Industrial Average finishing the session at 18,203.37, down 85.26 from its open.

The Nasdaq also fell by 28.20 to close at 4,979.90. The S&P 500 fell by 9.61 points to close at 2,107.78.

Energy shares rose on Tuesday, as oil prices edged back over $50 a barrel.

Despite the nasty weather in February, most automakers are reporting gains over a year ago.  

Toyota led with a 13.3-percent jump in sales. Chrysler, GM, Honda and Nissan all reported gains of 6 percent or less on Tuesday, while Ford sales fell just under 2 percent.  

The Supreme Court ruled on Tuesday that federal courts can hear a dispute over Colorado’s Internet tax law.  It’s a win for business groups that want to challenge the so-called Amazon tax that requires extensive reporting by retailers that don’t collect the state’s 2.9-percent tax from Colorado customers.

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